Warner Music Group is seeking to raise $1.045 billion through a sale of bond, The Wall Street Journal reports. The company intends to raise $150 million via 9.50% senior secured notes due June 2016 and $695 million through senior debt maturing in October 2018.
The record company also intends to offer $200 million of senior bonds due in October 2019. The proceeds will be used to fund a merger deal with Airplanes Music and Airplanes Merger, affiliates of Access Industries.
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