secwatch.observer — SEC 8-K summary
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Issuer:     Warner Bros. Discovery, Inc. (WBD)
CIK:        0001437107
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001193125-24-145955
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WBD upsizes cash tender offer to ~$2.615B, accepts notes in priority levels 1-11
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- Aggregate Tender Cap increased to approximately $2.615 billion (excluding accrued interest).
- Issuers accepted for purchase all validly tendered notes in Acceptance Priority Levels 1 through 11 as of May 22, 2024.
- No notes in Acceptance Priority Level 12 (WarnerMedia Holdings 5.050% Senior Notes due 2042) will be purchased.
- Total consideration per $1,000 principal includes $30 early tender premium; pricing based on fixed spread over reference U.S. Treasury yields.
- Settlement date for accepted notes expected June 12, 2024; no further tenders accepted after early deadline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437107/000119312524145955/0001193125-24-145955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437107/000119312524145955/d817674d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-145955

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