secwatch.observer — SEC 8-K summary
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Issuer:     Warner Bros. Discovery, Inc. (WBD)
CIK:        0001437107
Form:       8-K
Filed at:   2024-10-09T23:59:59+00:00
Accession:  0001437107-24-000177
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437107/000143710724000177/0001437107-24-000177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437107/000143710724000177/disca-20241004.htm
  HTML page:      https://secwatch.observer/filing/0001437107-24-000177

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer