Business
Warner Bros. Discovery Announces Expiration and Results 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. 10, 2023 /PRNewswire/ -- 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).\nThe 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Offers, the following table presents the aggregate principal amount of each series of Notes tendered and not validly withdrawn as of the Expiration Time and the aggregate principal amount of each series of Notes tendered pursuant to the guaranteed delivery procedures described in the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.\nIssuer/Offeror\nTitle of Security\nCUSIP\nAggregatePrincipal Amount Outstanding\nAggregate Principal Amount Tendered as of Expiration Time(1)\nAggregate Principal AmountTenderedpursuant to Guaranteed Delivery\nWarner Media, LLC\n4.050% SeniorNotes due 2023\n887317AR6\n$67,262,000\n$25,552,000\n$0\nHistoric TW Inc.\n7.570% SeniorNotes due 2024\n887315BH1\n$32,782,000\n$5,661,000\n$0\nDiscovery Communications, LLC\n3.800% Senior Notes due 2024\n25470DAM1\n$383,192,000\n$223,903,000\n$837,000\nWa...