---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-057173"
form_type: "8-K"
ticker: "WBD"
cik: "0001437107"
company_name: "Warner Bros. Discovery, Inc."
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T02:01:01.594553+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WBD subsidiary extends bridge loan maturity to June 2027, tied to planned linear TV spin-off as part of Netflix merger

## Summary
- Bridge loan maturity extended to earlier of June 30, 2027 or completion of Linear Business spin-off.
- Amendment removes non-consenting lenders and reallocates loans among extending lenders at par.
- Merger Agreement with Netflix (Jan 19, 2026) defines spin-off of Linear Business (SpinCo) via Separation and Distribution Agreement.
- Borrower Discovery Global Holdings (formerly WarnerMedia Holdings) remains borrower; Parent WBD guarantor.
- No default or event of default occurred after giving effect to amendment.

## SEC filing metadata
- accession: 0001193125-26-057173
- form_type: 8-K
- ticker: WBD
- cik: 0001437107
- company_name: Warner Bros. Discovery, Inc.
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437107/000119312526057173/0001193125-26-057173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437107/000119312526057173/d64101d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-057173
- JSON: https://secwatch.observer/filing/0001193125-26-057173.json
- Plain text: https://secwatch.observer/filing/0001193125-26-057173.txt

## Key facts
- Debt Financings
  Warner Bros. Discovery, Inc. amended credit facility of bridge loan with JPMorgan Chase Bank, N.A. maturing earlier of (x) June 30, 2027 and (y) the date that the Spin-Off occurs.
  - Instrument: credit facility
  - Principal: bridge loan
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Maturity: earlier of (x) June 30, 2027 and (y) the date that the Spin-Off occurs
  - Event: amendment
  source text: On February 18, 2026, Discovery Global Holdings, Inc. (formerly known as WarnerMedia Holdings, Inc.) (“DGH”), a wholly-owned subsidiary of Warner Bros. Discovery, Inc. (the “Company”), entered into Amendment No. 1 (“Bridge Loan Amendment”) to that certain Non-Investment Grade Leveraged Bridge Loan Agreement, dated as of June 26, 2025 (the “Existing Bridge Loan Agreement” and, as amended by the Bridge Loan Amendment, the “Bridge Loan Agreement”), among DGH, as borrower, the Company, as parent guarantor, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, pursuant to which the parties thereto agreed, among other things, to extend the maturity of the bridge loan to the earlier of (x) June 30, 2027 and (y) the date that the Spin-Off (as defined in the Bridge Loan Agreement) occurs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437107/000119312526057173/0001193125-26-057173-index.htm
- Material Agreements
  Warner Bros. Discovery, Inc. amended Non-Investment Grade Leveraged Bridge Loan Agreement with JPMorgan Chase Bank, N.A. valued at Extended maturity to the earlier of June 30, 2027 and the Spin-Off date (effective 2026-02-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: Extended maturity to the earlier of June 30, 2027 and the Spin-Off date
  - Effective: 2026-02-18
  source text: Bridge Loan Amendment On February 18, 2026, Discovery Global Holdings, Inc. (formerly known as WarnerMedia Holdings, Inc.) (“DGH”), a wholly-owned subsidiary of Warner Bros. Discovery, Inc. (the “Company”), entered into Amendment No. 1 (“Bridge Loan Amendment”) to that certain Non-Investment Grade Leveraged Bridge Loan Agreement, dated as of June 26, 2025 (the “Existing Bridge Loan Agreement” and, as amended by the Bridge Loan Amendment, the “Bridge Loan Agreement”), among DGH, as borrower, the Company, as parent guarantor, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, pursuant to which the parties thereto agreed, among other things, to extend the maturity of the bridge loan to the earlier of (x) June 30, 2027 and (y) the date that the Spin-Off (as defined in the Bridge Loan Agreement) occurs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437107/000119312526057173/0001193125-26-057173-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.