BRIEF-UMG Successfully Prices EUR 1.0 Bln Of New Eurobond Notes

BY Reuters | CORPORATE | 06/23/22 01:13 PM EDT

June 23 (Reuters) - Universal Music Group NV:

* UNIVERSAL MUSIC GROUP N.V. SUCCESSFULLY PRICES EUR 1.0BN OF NEW EUROBOND NOTES

* HAS SUCCESSFULLY PRICED EUR 500M OF 3.000% SENIOR UNSECURED NOTES DUE 2027 AND EUR 500M OF 3.750% SENIOR UNSECURED NOTES DUE 2032

* OFFERING IS EXPECTED TO CLOSE ON JUNE 30, 2022, SUBJECT TO CUSTOMARY CLOSING CONDITIONS

* PROCEEDS FROM ISSUANCE WILL BE USED FOR REFINANCING OF EXISTING INDEBTEDNESS AND PAYING TRANSACTION FEES AND EXPENSES Source text for Eikon: Further company coverage: (Gdansk Newsroom)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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