Warner Bros. Discovery, Inc. (WBD): debt financing — WMH issues €1.5B in senior notes: €650M at 4.302% (2030), €850M at 4.693% (2033)

Warner Bros. Discovery, Inc.

Total €1.5B: €650M 4.302% notes due Jan 2030; €850M 4.693% notes due May 2033.
Notes are senior unsecured, fully and unconditionally guaranteed by WBD, DCL, and Scripps.
Offering closed May 17, 2024, via underwritten public offering (Barclays, Deutsche Bank, Goldman Sachs reps).
Interest payable annually: 2030 notes on Jan 17 (first Jan 2025); 2033 notes on May 17 (first May 2025).
WMH may redeem 2030 notes at make-whole until Dec 17, 2029, then at par; 2033 notes until Feb 17, 2033, then at par.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Warner Bros. Discovery, Inc. incurred senior notes of €650,000,000 aggregate principal amount of its 4.302% Senior Notes due 2030 and €850,000,000 aggregate principal amount with WarnerMedia Holdings, Inc. at 4.302% per year and 4.693% per year maturing January 17, 2030 and May 17, 2033.

Instrument: senior notes
Principal: €650,000,000 aggregate principal amount of its 4.302% Senior Notes due 2030 and €850,000,000 aggregate principal amount
Counterparty: WarnerMedia Holdings, Inc.
Rate: 4.302% per year and 4.693% per year
Maturity: January 17, 2030 and May 17, 2033
Event: incurrence

Exact text from the filing

On May 17, 2024, WarnerMedia Holdings, Inc. (“WMH”), a wholly-owned subsidiary of Warner Bros. Discovery, Inc. (“WBD”), completed its registered offering of €650,000,000 aggregate principal amount of its 4.302% Senior Notes due 2030 (the “2030 Notes”) and €850,000,000 aggregate principal amount of its 4.693% Senior Notes due 2033 (the “2033 Notes” and together with the 2030 Notes, 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 Indenture with U.S. Bank Trust Company, National Association valued at €650,000,000 aggregate principal amount of its 4.302% Senior Notes due 2030 and €850,000,000 aggrega (effective 2024-05-17).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: €650,000,000 aggregate principal amount of its 4.302% Senior Notes due 2030 and €850,000,000 aggrega
Effective: 2024-05-17

Exact text from the filing

Senior Notes On May 17, 2024, WarnerMedia Holdings, Inc. (“WMH”), a wholly-owned subsidiary of Warner Bros. Discovery, Inc. (“WBD”), completed its registered offering of €650,000,000 aggregate principal amount of its 4.302% Senior Notes due 2030 (the “2030 Notes”) and €850,000,000 aggregate principal amount of its 4.693% Senior Notes due 2033 (the “2033 Notes” and together with the 2030 Notes, the “Senior Notes”).

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Warner Bros. Discovery, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-141713

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