3.900% Senior Notes due 2024 issued by Discovery Communications, LLC
3.900% Senior Notes due 2024 issued by Scripps Networks Interactive, Inc.
4.000% Senior Notes due 2055 issued by Discovery Communications, LLC
4.650% Senior Notes due 2050 issued by Discovery Communications, LLC
4.950% Senior Notes due 2042 issued by Discovery Communications, LLC
4.875% Senior Notes due 2043 issued by Discovery Communications, LLC
5.200% Senior Notes due 2047 issued by Discovery Communications, LLC
5.300% Senior Notes due 2049 issued by Discovery Communications, LLC
4.650% Global Notes due 2044 issued by Warner Media, LLC
4.850% Global Notes due 2045 issued by Warner Media, LLC
4.900% Global Notes due 2042 issued by Warner Media, LLC
5.350% Global Notes due 2043 issued by Warner Media, LLC
5.050% Senior Notes due 2042 issued by WarnerMedia Holdings, Inc.
NEW YORK, May 9, 2024 /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") today announced that, in connection with the Company's previously announced plan to reduce debt, its wholly-owned subsidiaries, Warner Media, LLC, Discovery Communications, LLC and WarnerMedia Holdings, Inc. (each, an "Issuer" and together, the "Issuers"), have commenced a cash tender offer (the "Tender Offer") to purchase up to $1,750,000,000 aggregate purchase price (excluding accrued and unpaid interest, the "Aggregate Tender Cap") of the outstanding notes described in the table below (together, the "Notes"), for the consideration and in the order of priority listed in the table below. Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase, dated May 9, 2024 (the "Offer to Purchase").
Issuer
Title of Security
Aggregate
Principal Amount Outstanding
CUSIP
Acceptance Priority
Level (1)
Reference U.S. Treasury Security
Bloomberg Reference
Page/ Screen(2)
Fixed Spread (basis points) (3)
Discovery Communications, LLC
3.900% Senior Notes due 2024
$483,810,000
25470DBC2
1
2.25% due November 15, 2024
FIT3
+25
Scripps Networks Interactive, Inc.
3.900% Senior Notes due 2024
$11,920,000
811065AC5
1
2.25% due November 15, 2024
FIT3
+25
Discovery Communications, LLC
4.000% Senior Notes due 2055
$1,643,454,000
25470DBL2
25470DBK4
U25478AH8
2
4.25% due February 15, 2054
FIT1
+195
Discovery Communications, LLC
4.650% Senior Notes due 2050
$959,344,000
25470DBH1
3
4.25% due February 15, 2054
FIT1
+198
Discovery Communications, LLC
4.950% Senior Notes due 2042
$284,940,000
25470DAG4
4
4.50% due February 15, 2044
FIT1
+237
Discovery Communications, LLC
4.875% Senior Notes due 2043
$514,735,000
25470DAJ8
5
4.50% due February 15, 2044
FIT1
+199
Discovery Communications, LLC
5.200% Senior Notes due 2047
$1,250,000,000
25470DAT6
6
4.50% due February 15, 2044
FIT1
+203
Discovery Communications, LLC
5.300% Senior Notes due 2049
$750,000,000
25470DBG3
7
4.25% due February 15, 2054
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