Universal Music - UNVGY STOCK NEWS

Universal Music Group N.V. announced the pricing of €500m of 3.000% senior unsecured notes due 2027 and €500m of 3.750% senior unsecured notes due 2032. This €1.0 billion bond offering is part of their Euro Medium Term Note programme, set to close on June 30, 2022, subject to customary conditions. The proceeds will be utilized for refinancing existing debt and covering transaction costs. The notes will be listed on Euronext Amsterdam and sold to non-U.S. investors. Leading banks involved include BNP Paribas and BofA Securities among others.

Six iconic albums from Japanese singer-songwriter Hikaru Utada will be released on 180g vinyl on August 12 in the U.S. These albums include First Love (1999), Distance (2001), DEEP RIVER (2002), ULTRA BLUE (2006), HEART STATION (2008), and Fantôme (2016). This marks the first vinyl release for ULTRA BLUE, HEART STATION, and Fantôme. Each album will consist of a 180g double LP set and include a bonus track for the first five albums.

Universal Music Group N.V. has announced the amendment of its Greater China Option Agreement with Tencent Holdings Ltd. Under the new terms, Tencent can acquire up to 12.5% of the share capital of Greater China HoldCo within two years. This is a reduction from the previously disclosed option of 25%. The share purchase price will still be based on an agreed EBITDA multiple. As of this announcement, Tencent has not exercised the option, contingent on necessary governmental approvals.

The Vamps are celebrating a decade of success with their 10 Years Of The Vamps - The Greatest Hits Tour, kicking off in Manchester on November 23. Tickets go on sale from July 1.

A special anniversary fanzine will also be released on October 14, featuring fan compilations and unreleased content. Over the last ten years, The Vamps have achieved over 6 billion streams and played to more than 2 million fans. Their extensive discography includes five albums, with two reaching number one.

On June 1, 2022, a new recording of THE PHANTOM OF THE OPERA was released, starring Killian Donnelly and Lucy St. Louis. This release coincides with the musical's participation in the BBC's Platinum Party at the Palace on June 4. The show, which has captivated over 145 million people since its inception, is currently in its 36th year in London. The iconic score by Andrew Lloyd Webber continues to resonate, featuring beloved songs and a compelling narrative of love, jealousy, and obsession.

Universal Music Group N.V. (UNVGY) received a Baa1 long-term credit rating from Moody's and a BBB long-term credit rating from S&P Global, both with stable outlooks. The ratings reflect UMG's strong credit attributes, including its leadership in the music industry, diversified revenue streams, and low leverage. The ratings support UMG's financing strategy and acknowledge its position following the company's public listing. UMG aims to maintain these investment-grade ratings, reinforcing its commitment to financial stability.

Paul Weller's acclaimed album '22 Dreams' will be re-issued as a double-LP on July 22, 2022. Originally released in 2008, the album debuted at number one in the U.K. charts and features collaborations with artists like Noel Gallagher and Graham Coxon. The vinyl release includes a 12" x 36" black and white poster and an 8-page booklet by Simon Armitage. The album has received critical acclaim, with publications lauding it as Weller's finest solo work. Pre-orders are currently available.

Universal Music Group N.V. held its first Annual General Meeting of shareholders on May 12, 2022, where all resolutions were adopted by majority vote. Key outcomes included a positive advisory vote on the 2021 Remuneration Report, the adoption of 2021 financial statements, and the appointment of four Non-Executive Directors. A final dividend of EUR 0.20 per share was approved, totaling EUR 0.40 for the financial year 2021. Important dates for the dividend payment include the ex-dividend date on May 16, 2022, and the payment date on June 8, 2022.