Universal Music Group Completes €1 Billion Bond Sale Following Pershing Square Exit

Universal Music Group Completes €1 Billion Bond Sale Following Pershing Square Exit

Photo credits: Zeca Souza Universal Music Group (UMG) has successfully priced a €1 billion bond offering, split into two tranches of €500 million each, with the funds earmarked for general corporate purposes, including the refinancing of existing debt, according to a report by Bloomberg. The offering, comprised of 3.375% senior unsecured notes due in 2030 and 4.125% notes due in 2036, is expected to close on June 16.  This financial move comes s…

UMG prices €1bn bond offering as boss makes latest AI comments

As the dust settles from its rejection of an acquisition offer by hedge-fund Pershing Square, Universal Music Group has taken its next financial step forward. It has priced €1bn of new ‘Eurobond Notes’ that will be sold to investors outside the US to raise money for “general corporate purposes, including the refinancing of existing indebtedness and […]

Universal Music Group prices $1.15bn bond offering

Universal Music Group (UMG) has successfully priced a €1 billion ($1.15 billion) bond offering, raising funds that the company says will be used for general corporate purposes, including refinancing existing debt. The bond sale consists of two tranches worth €500 million each. According to UMG, the first tranche comprises 3.375% senior unsecured notes due in 2030, while the second consists of 4.125% senior unsecured notes due in 2036. The compan…

Universal Music confirms €1 billion bond sale

The bond sale is split into two tranches of €500 million each, UMG said on Tuesday (June 9). Source