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Warner Bros. Discovery - Tender Offer 2024 (US) - Pricing

Warner Bros. Discovery Announces the Pricing Terms of Previously Announced Cash Tender Offer

23 MAY 2024


Full announcement including full disclosures and disclaimers available via Prnewswire: Source: Warner Bros. Discovery

See below for information on previous deals related to this Issuer


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"The Total Consideration for holders of each series of Notes that had Notes accepted for purchase is based on the applicable reference yield plus a fixed spread, in each case as set forth in the table below, and is payable to holders of Notes who validly tendered and did not validly withdraw their Notes at or before the Early Tender Deadline and whose Notes are accepted for purchase. The Reference Yields listed in the table below were determined at 9:00 a.m., New York City time, on May 23, 2024 (the "Price Determination Time"). The Total Consideration for each series of Notes that had Notes accepted for purchase includes an early tender premium of $30.00 per $1,000 principal amount of Notes validly tendered and not validly withdrawn by such holders and accepted for purchase."



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Warner Bros. Discovery Announces Upsize of Previously Announced Cash Tender Offer to an Aggregate Tender Cap of up to $2,500,000,000

14 MAY 2024


Full announcement including full disclosures and disclaimers available via Prnewswire: Source: Warner Bros. Discovery

See below for information on previous deals related to this Issuer


"NEW YORK, May 14, 2024 /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") announced today, in connection with the previously announced cash tender offer (the "Tender Offer") by its wholly-owned subsidiaries Warner Media, LLC ("WML"), Discovery Communications, LLC ("DCL") and WarnerMedia Holdings, Inc. ("WMH" and, together with WML and DCL, the "Issuers"), that the aggregate purchase price of notes described in the table below (the "Notes") that the Issuers intend to purchase in the Tender Offer is increased from the previously announced amount to an aggregate purchase price (excluding accrued and unpaid interest) of up to $2,500,000,000 (the "Aggregate Tender Cap") of the Notes. The Tender Offer is being made pursuant to and is subject to the terms and conditions set forth in the Offer to Purchase, dated May 9, 2024 (the "Offer to Purchase"). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase."


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Warner Bros. Discovery Announces Commencement of Cash Tender Offer for an Aggregate Tender Cap of up to $1,750,000,000

09 MAY 2024


Full announcement including full disclosures and disclaimers available via Prnewswire: Source: Warner Bros. Discovery

See below for information on previous deals related to this Issuer


New York, New York -- Warner Bros. Discovery, Inc. (“Warner Bros. Discovery” or the “Company”) today announced that, in connection with the Company’s previously announced plan to reduce debt, its wholly-owned subsidiaries, Warner Media, LLC, Discovery Communications, LLC and WarnerMedia Holdings, Inc. (each, an “Issuer” and together, the “Issuers”), have commenced a cash tender offer (the “Tender Offer”) to purchase up to $1,750,000,000 aggregate purchase price (excluding accrued and unpaid interest, the “Aggregate Tender Cap”) of the outstanding notes described in the table below (together, the “Notes”), for the consideration and in the order of priority listed in the table below. Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase, dated May 9, 2024 (the “Offer to Purchase”).


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Warner Bros. Discovery Announces Expiration and Results of Cash Tender Offers for Any and All


09 AUGUST 2023


Full announcement including full disclosures and disclaimers available via SEC


"New York, New York — Warner Bros. Discovery, Inc. (“Warner Bros. Discovery” or the “Company”) today announced the expiration and results, as of 5:00 p.m., New York City time, on August 9, 2023 (the “Expiration Time”), of the previously announced cash tender offers (each, a “Tender Offer” and together, the “Tender Offers”) by its wholly-owned subsidiaries, Warner Media, LLC, Historic TW Inc., Discovery Communications, LLC and WarnerMedia Holdings, Inc. (each an “Issuer” and together, the “Issuers”) to purchase any and all of the respective Issuer’s outstanding notes described in the table below (together, the “Notes”). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase (as defined below).


The Tender Offers were announced on August 3, 2023 and were made pursuant to the Offer to Purchase, dated August 3, 2023 (the “Offer to Purchase”), and the related notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Tender Offer Documents”). According to information provided by the Tender and Information Agent for the Tender Offers, the following table presents the aggregate principal amount of each series of Notes tendered and not validly withdrawn as of the Expiration Time and the aggregate principal amount of each series of Notes tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents."


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Warner Bros. Discovery Announces the Pricing Terms of Cash Tender Offers for Any and All


09 AUGUST 2023


Full announcement including full disclosures and disclaimers available via Prnewswire



"NEW YORK, Aug. 9, 2023 /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") today announced the pricing terms of the previously announced cash tender offers (each, a "Tender Offer" and together, the "Tender Offers") by its wholly-owned subsidiaries, Warner Media, LLC, Historic TW Inc., Discovery Communications, LLC and WarnerMedia Holdings, Inc. (each an "Issuer" and together, the "Issuers") to purchase any and all of the respective Issuer's outstanding notes described in the table below (together, the "Notes"). The consideration offered for each series of Notes per $1,000 principal amount of such Notes validly tendered and accepted for purchase pursuant to the applicable Tender Offer is set forth in the table below. Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase (as defined below)."




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Warner Bros. Discovery Announces Commencement of Cash Tender Offers for Any and All


03 AUGUST 2023


Full announcement including full disclosures and disclaimers available via Prnewswire


4.050% Senior Notes due 2023 Issued by Warner Media, LLC 7.570% Senior Notes due 2024 Issued by Historic TW Inc. 3.800% Senior Notes due 2024 Issued by Discovery Communications, LLC 3.528% Senior Notes due 2024 Issued by WarnerMedia Holdings, Inc. 3.428% Senior Notes due 2024 Issued by WarnerMedia Holdings, Inc. 3.550% Senior Notes due 2024 Issued by Warner Media, LLC


NEW YORK, Aug. 3, 2023 /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") today announced that, in connection with the Company's previously announced plan to reduce debt, its wholly-owned subsidiaries, Warner Media, LLC, Historic TW Inc., Discovery Communications, LLC and WarnerMedia Holdings, Inc. (each an "Issuer" and together, the "Issuers"), have commenced cash tender offers (each, a "Tender Offer" and together, the "Tender Offers") to purchase any and all of the respective Issuer's outstanding notes described in the table below (together, the "Notes"), for the consideration listed in the table below. Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase (as defined below).

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