Business
Warner Bros. Discovery Announces Commencement of Cash Tender Offers for Any and All
4.050% Senior Notes due 2023 Issued by Warner Media, LLC7.570% Senior Notes due 2024 Issued by Historic TW Inc.3.800% Senior Notes due 2024 Issued by
About this update from Warner Bros. Discovery, Inc. - Series A
[{"type":"text","content":"4.050% Senior Notes due 2023 Issued by Warner Media, LLC7.570% Senior Notes due 2024 Issued by Historic TW Inc.3.800% Senior Notes due 2024 Issued by Discovery Communications, LLC3.528% 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\nNEW 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).\nIssuer/ Offeror\nTitle of Security\nAggregate Principal Amount Outstanding\nCUSIP\nReference U.S Treasury Security\nBloomberg Reference Page/ Screen(1)\nFixed Spread (basis points)\nWarner Media, LLC\n4.050% Senior Notes due 2023\n$67,262,000\n887317AR6\n0.125% UST due December 15, 2023\nFIT3\n+25\nHistoric TW Inc.\n7.570% Senior Notes due 2024\n$32,782,000\n887315BH1\n2.500% UST due January 31, 2024\nFIT3\n+30\nDiscovery Communications, LLC\n3.800% Senior Notes due 2024\n$383,192,000\n25470DAM1\n0.250% UST due March 15, 2024\nFIT3\n+30\nWarnerMedia Holdings, Inc.\n3.528% Senior Notes due 2024\n$499,290,000\nU56632AK655903VAV5\n0.250% UST due March 15, 2024\nFIT3\n+30\nWarnerMedia Holdings, Inc.\n3.428% Senior Notes due 2024\n$1,649,358,000\n55903VAC7U55632AB655903VAW3\n0.250% UST due March 15, 2024\nFIT3\n+30\nWarner Media, LLC\n3.550% Senior Notes due 2024\n$54,014,000\n887317AV7\n2.500% UST due May 31, 2024\nFIT3\n+35\n \n(1)\nThe Bloomberg Reference Page/Screen is provided for convenience only. To the extent any Bloomberg Reference Page/Screen changes prior to the Price Determination Time, the Dealer Managers referred to below will quote the applicable Reference U.S. Treasury ...