---
schema_version: "secwatch.filing_event.v1"
accession: "0001437107-25-000159"
form_type: "8-K"
ticker: "WBD"
cik: "0001437107"
company_name: "Warner Bros. Discovery, Inc."
filed_at: "2025-06-24T23:59:59+00:00"
generated_at: "2026-05-18T22:15:33.244533+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Warner Bros. Discovery reports early tender results for notes; many series oversubscribed, proration to apply

## Summary
- Pool 1 Notes tendered exceeded $3.75B cap; proration expected for WMH 3.755% 2027 notes.
- Pool 2 Notes (€1.35B tendered) exceed €800M cap; both series subject to proration.
- Pool 3 Notes tendered exceeded $1B cap and $300M subcap for 3.950% 2028 notes; proration applies.
- Requisite consents obtained for indenture amendments; supplemental indentures effective immediately.
- Tender offers expire July 9, 2025; early tender premium of $50 per $1,000 for most series.

## SEC filing metadata
- accession: 0001437107-25-000159
- form_type: 8-K
- ticker: WBD
- cik: 0001437107
- company_name: Warner Bros. Discovery, Inc.
- filed_at: 2025-06-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437107/000143710725000159/0001437107-25-000159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437107/000143710725000159/disca-20250624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437107-25-000159
- JSON: https://secwatch.observer/filing/0001437107-25-000159.json
- Plain text: https://secwatch.observer/filing/0001437107-25-000159.txt

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