NEW YORK, NY–(Marketwire – Oct 30, 2012) – WMG Acquisition Corp. (the “Company”), a wholly owned subsidiary of Warner Music Group Corp. (“Warner Music Group” or “WMG”), today announced that as of 5:00 p.m. on October 29, 2012, it had received consents from holders of at least a majority of the outstanding aggregate principal amount (the “Requisite Consents”) of each series of its outstanding 9.50% Senior Secured Notes due 2016 (CUSIP/ISIN NOs. 92933B AB0/US92933BAB09; and 92933B AD6/US92933BAD64) (the “Notes”) pursuant to its previously announced tender offers to purchase for cash any and all of the Notes and the related solicitation of consents (“Consents”) to the adoption of certain proposed amendments to each of the indentures governing the Notes (the “Proposed Amendments”). Based on the receipt of the Requisite Consents in connection with each tender offer and related solicitation of Consents, the Company has entered into a supplemental indenture with the trustee for the applicable indenture governing each series of Notes reflecting the Proposed Amendments (each a “Supplemental Indenture”). As further described in the Offer to Purchase and Consent Solicitation Statement and the related Consent and Letter of Transmittal, dated as of October 17, 2012 (the “Statement”), the time and date on which the supplemental indenture with respect to an indenture is executed is referred to as the “Effective Time” for the applicable tender offer. Because of the occurrence of the Effective Time, the Withdrawal Deadline (as defined in the Statement) with respect to each tender offer has now occurred, and any Notes validly tendered and not validly withdrawn prior to the Effective Time, and any Notes that may be validly tendered thereafter, may not be withdrawn.
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