Item 8.01 Other Events
On January 3, 2022, Warner Music Group Corp. (the "Company") entered into an
underwriting agreement (the "Underwriting Agreement") with AI Entertainment
Holdings LLC, LB Remainder Holdings LLC and CT/FT Holdings LLC, as selling
stockholders (the "Selling Stockholders"), and Morgan Stanley & Co. LLC, as
underwriter (the "Underwriter"), pursuant to which the Selling Stockholders
agreed to sell to the Underwriter, and the Underwriter agreed to purchase from
the Selling Stockholders, subject to and upon the terms and conditions set forth
therein, an aggregate of 8,562,500 shares of the Company's Class A Common Stock,
par value $0.001 per share (the "Shares"), at a price of $40.66 per share (the
"Offering"). The Offering closed on January 6, 2022.
A copy of the opinion of Debevoise & Plimpton LLP as to the validity of the
Shares is filed as Exhibit 5.1 hereto.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit
Number Description
5.1 Opinion of Debevoise & Plimpton LLP.
23.1 Consent of Debevoise & Plimpton LLP (included in Exhibit 5.1).
104 Cover Page to this Current Report on Form 8-K in Inline XBRL.
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