{"schema_version":"secwatch.filing_event.v1","accession":"0001437107-25-000141","form_type":"8-K","ticker":"WBD","cik":"0001437107","company_name":"Warner Bros. Discovery, Inc.","filed_at":"2025-06-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.293478+00:00","generated_at":"2026-05-19T12:53:55.895043+00:00","sec_items":["7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"WBD provides FAQ on debt tender offers; clarifies bridge allocation, anti-boycott language, and CODI tax impact","bullets":["Bridge proceeds not used in tenders; upsize option up to $2.5bn upon mutual agreement with J.P. Morgan.","Proceeds from retained S&S stake sale will repay GN debt to preserve tax-free treatment; expects sale within 3-5 years.","Anti-boycott language only prohibits holder agreements not to buy new debt for cash; customary cooperation allowed.","CODI tax on discount realized: estimated $800m cash tax at 100% participation.","Post-spin securitization to split into two facilities; overall pool size ~$4.7bn unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001437107-25-000141","json":"https://secwatch.observer/filing/0001437107-25-000141.json","markdown":"https://secwatch.observer/filing/0001437107-25-000141.md","text":"https://secwatch.observer/filing/0001437107-25-000141.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437107/000143710725000141/0001437107-25-000141-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437107/000143710725000141/disca-20250610.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T12:53:55.895043+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}