Universal Music Group N.V. Successfully Prices €1.0bn of New Eurobond Notes

THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR ISSUE OR INVITATION TO PURCHASE OR SUBSCRIBE FOR, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES.

Universal Music Group N.V. today announced that it has successfully priced €500m of 3.000% senior unsecured notes due 2027 and €500m of 3.750% senior unsecured notes due 2032 (collectively, the "Notes"). The offering is expected to close on June 30, 2022, subject to customary closing conditions.

The Notes will be issued from the Company's newly established Euro Medium Term Note programme, listed on Euronext Amsterdam and sold to investors outside the U.S. in reliance on Regulation S under the Securities Act of 1933, as amended.

The proceeds from the issuance will be used for refinancing of existing indebtedness and paying transaction fees and expenses.

BNP Paribas and BofA Securities acted as Global Coordinators and together with Citigroup, Goldman Sachs, MUFG and Société Générale as the Active Bookrunners on the issuance.  CACIB, Commerzbank, IMI-Intesa Sanpaolo, ING, Mediobanca, Mizuho, Morgan Stanley Europe SE, Natixis and Santander acted as Passive Bookrunners. 

June 23, 2022