Warner Bros. Discovery, Inc. (WBD): debt financing — Warner Bros. Discovery subsidiary issues $1.5B in 6.412% Senior Notes due 2026

Warner Bros. Discovery, Inc.

WarnerMedia Holdings issued $1.5B aggregate principal of 6.412% Senior Notes maturing March 15, 2026.
Notes are fully guaranteed on a senior unsecured basis by WBD, Discovery Communications, and Scripps Networks.
Interest payable semi-annually on March 15 and September 15, starting September 15, 2023.
Make-whole redemption before March 15, 2024; thereafter redeemable at 100% plus accrued interest.
Offered via underwritten public offering with J.P. Morgan, Mizuho, and Wells Fargo as representatives.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Warner Bros. Discovery, Inc. incurred senior notes of $1,500,000,000 with U.S. Bank Trust Company, National Association at 6.412% maturing 2026-03-15.

Instrument: senior notes
Principal: $1,500,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.412%
Maturity: 2026-03-15
Event: incurrence

Exact text from the filing

On March 10, 2023, WarnerMedia Holdings, Inc. (“WMH”), a wholly-owned subsidiary of Warner Bros. Discovery, Inc. (“WBD”), completed its registered offering of $1,500,000,000 aggregate principal amount of its 6.412% Senior Notes due 2026 (the “Senior Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Warner Bros. Discovery, Inc. entered into 6.412% Senior Notes due 2026 Indenture with U.S. Bank Trust Company, National Association valued at $1,500,000,000 aggregate principal amount of 6.412% Senior Notes (effective 2023-03-10).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $1,500,000,000 aggregate principal amount of 6.412% Senior Notes
Effective: 2023-03-10

Exact text from the filing

On March 10, 2023, WarnerMedia Holdings, Inc. (“WMH”), a wholly-owned subsidiary of Warner Bros. Discovery, Inc. (“WBD”), completed its registered offering of $1,500,000,000 aggregate principal amount of its 6.412% Senior Notes due 2026 (the “Senior Notes”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-23-067637

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