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Warner Music Group Corp. SEC Filings

WMG NASDAQ

Welcome to our dedicated page for Warner Music Group SEC filings (Ticker: WMG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

Warner Music Group’s filings are more than numbers—they map the value of iconic catalogs, streaming royalties, and artist advances that drive the label’s future cash flow. If you have ever searched "Warner Music Group insider trading Form 4 transactions" or wondered how deferred royalty costs flow through the income statement, you know the documents can be dense.

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Rhea-AI Summary

Astec Industries, Inc. (NASDAQ: ASTE) filed an 8-K to report the July 1, 2025 closing of its $245 million cash acquisition of TerraSource Holdings, LLC. The purchase was effected through a Membership Interest Purchase Agreement signed on April 28, 2025 and was completed on a cash-free, debt-free basis, subject to customary post-closing adjustments.

To fund the deal and strengthen liquidity, Astec simultaneously entered into a new $600 million senior secured credit agreement with Wells Fargo as administrative agent. The facilities comprise revolving, term-loan, swingline and letter-of-credit tranches, plus an incremental accordion of up to $150 million. Proceeds from the term loan, combined with cash on hand, financed the acquisition, repaid all borrowings under the company’s prior $250 million revolver (terminated at closing), and covered transaction fees.

Key financing terms: (i) maturity on July 1, 2030; (ii) borrower option of Term SOFR +1.75%-2.75% or Base Rate +0.75%-1.75%, with pricing and commitment fees (0.15%-0.35%) tied to the company’s Consolidated Total Net Leverage Ratio; (iii) secured guarantees from U.S. domestic subsidiaries. Covenants require a Net Leverage Ratio ≤3.50× (up to 4.00× following certain acquisitions) and an Interest Coverage Ratio ≥2.50×, alongside customary negative covenants and change-of-control repayment triggers.

Astec intends to file the required historical and pro forma financial statements for TerraSource within 71 days. A press release announcing the closing was furnished under Item 7.01.

The transaction materially expands Astec’s business while increasing funded debt and related covenant obligations, making the development impactful to investors.

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FAQ

What is the current stock price of Warner Music Group (WMG)?

The current stock price of Warner Music Group (WMG) is $29.39 as of July 3, 2025.

What is the market cap of Warner Music Group (WMG)?

The market cap of Warner Music Group (WMG) is approximately 13.9B.

What is Warner Music Group Corp.?

Warner Music Group Corp. is a leading global music company that operates through a diversified structure including recorded music and music publishing. It manages an array of iconic record labels and a vast catalog of musical compositions.

What are the primary business segments of WMG?

WMG's core segments are Recorded Music and Music Publishing. The Recorded Music division focuses on artist services, production, distribution, and digital streaming, while the Music Publishing segment manages copyrights and licensing for songwriters and composers.

How does Warner Music Group generate revenue?

Revenue is generated through multiple channels including digital streaming, licensing fees, physical music sales, synchronization, and performance rights. Both divisions work in tandem to maximize income from a wide spectrum of music-related activities.

Which record labels are part of WMG's portfolio?

WMG's portfolio includes iconic labels such as Atlantic Records, Warner Records, Elektra Records, and several niche imprints. These labels are known for their long-standing heritage and ability to launch successful artist careers globally.

What makes WMG’s approach to artist development unique?

WMG utilizes a blend of traditional music expertise and digital innovation to support artist development. The company invests in creative talent through comprehensive artist services, targeted marketing strategies, and strategic global partnerships, ensuring artists have the tools they need for success.

How does WMG support music publishing?

WMG supports music publishing by managing an extensive catalog of copyrights across various genres, ensuring robust licensing, distribution, and exploitation of musical compositions. This approach benefits both the company and the artists by maximizing the value of their creative works.

What differentiates Warner Music Group from its competitors?

WMG’s differentiated model lies in its combined focus on innovative digital distribution alongside traditional record label operations. Its deep industry expertise, global reach, and diversified revenue streams enable the company to maintain a strong position in an ever-evolving market.
Warner Music Group Corp.

NASDAQ:WMG

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WMG Stock Data

13.87B
142.12M
1.83%
105.59%
1.89%
Entertainment
Services-amusement & Recreation Services
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United States
NEW YORK