Warner Bros. Discovery enters new $6.0B revolving credit facility, replacing prior agreement

Warner Bros. Discovery, Inc.

$6.0B multicurrency revolving facility; available until Oct 2029 with two 364-day extension options.
Interest margin on Term SOFR loans ranges 0.795%-1.400% per annum, facility fee 0.080%-0.225%.
Financial covenants: Interest Coverage Ratio >=3.00:1.00, Leverage Ratio <=4.50:1.00 (cash over $2.0B netted).
Includes $150M letter-of-credit sublimit and optional $1.0B commitment increase; proceeds for general corporate purposes.

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