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 term loan of $13,000 million U.S. dollar-denominated term loans and €1,717 million Euro-denominated term loans with JPMorgan Chase Bank, N.A. (JPM) and J.P. Morgan SE at Term SOFR plus 2.50% per annum or Base Rate plus 1.50% per annum for Dollar loan maturing June 4, 2033.
- Instrument
- term loan
- Principal
- $13,000 million U.S. dollar-denominated term loans and €1,717 million Euro-denominated term loans
- Counterparty
- JPMorgan Chase Bank, N.A. (JPM) and J.P. Morgan SE
- Rate
- Term SOFR plus 2.50% per annum or Base Rate plus 1.50% per annum for Dollar loan
- Maturity
- June 4, 2033
- Event
- incurrence
Exact text from the filing
The First Lien Credit Agreement provides for (i) 7-year $13,000 million U.S. dollar-denominated term loans (the "Initial Dollar Term Loans") and (ii) 7-year €1,717 million Euro-denominated term loans (the "Initial Euro Term Loans" and, together with the Initial Dollar Term Loans, the "Initial Term Loans"). On June 4, 2026, DGH borrowed the Initial Term Loans and used the net proceeds thereof, together with cash on the balance sheet, to repay in full $15,000 million of outstanding loans under that certain Non-Investment Grade Leveraged Bridge Loan Agreement, dated as of June 26, 2025 (as amended by that certain Amendment No. 1, dated as of February 18, 2026), by and among the Company, as parent, DGH, as borrower, the lenders from time to time party thereto and JPM, as administrative agent and collateral agent.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Warner Bros. Discovery, Inc. entered into First Lien Credit Agreement valued at $13,000 million (effective 2026-06-04).
- Action
- entry
- Agreement
- credit facility
- Value
- $13,000 million
- Effective
- 2026-06-04
Exact text from the filing
On June 4, 2026, Discovery Global Holdings, Inc. (“DGH”), a wholly-owned subsidiary of Warner Bros. Discovery, Inc. (the “Company”), entered into that certain First Lien Credit Agreement (the “First Lien Credit Agreement”) among the Company, as holdco, DGH, as parent borrower, the designated subsidiary borrowers from time to time party thereto, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A. (“JPM”), as U.S. administrative agent and collateral agent, and J.P. Morgan SE, as non-U.S. administrative agent.
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