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Warner Bros. Discovery - Tender Offer - Launch

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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