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Warner Bros. Discovery Announces Expiration and Results of Tender Offer for Any and All Floating Rate Notes due 2024 Issued by WarnerMedia Holdings, Inc.
NEW YORK, June 14, 2023 /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") today announced the expiration and results,
About this update from Warner Bros. Discovery, Inc. - Series A
[{"type":"text","content":"NEW YORK, June 14, 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 June 13, 2023 (the \"Expiration Time\"), of the previously announced cash tender offer (the \"Tender Offer\") by WarnerMedia Holdings, Inc., the Company's wholly-owned subsidiary (the \"Issuer\"), for any and all of the Issuer's outstanding Floating Rate Notes due 2024 (the \"Notes\"). The Tender Offer was announced on June 7, 2023 and was made pursuant to the Offer to Purchase, dated June 7, 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\"). The following table presents the aggregate principal amount of the Notes tendered and not validly withdrawn as of the Expiration Time and the aggregate principal amount of the Notes tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.\nTitle of Security\nCUSIP\nPrincipal AmountOutstanding\nPrincipal Amount Tendered as of Expiration Time(1)\nPrincipal Amount Tendered pursuant to Guaranteed Delivery\nConsideration(2)\nFloating Rate Notes due 2024 issued by WarnerMedia Holdings, Inc.\n55903V AX1,55903V AA1, U55632 AA8\n$500,000,000\n$460,244,000\n$30,000\n$1,011.00\n(1)\nAmounts do not include the principal amount of the Notes tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.\n(2)\nPer $1,000 principal amount of Notes validly tendered before the Expiration Time, not validly withdrawn and accepted for purchase.\nThe Issuer expects to accept for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time. Upon the terms and subject to the conditions set forth in the Tender Offer Documents, Holders whose Notes have been accepted for purchase in the Tender Offer will receive the Consideration for each $1,000 principal amount of such Notes in cash on the Settlement Date. In addition to the Consideration, Holders whose Notes have been accepted for purchase will also receive accrued and unpaid interest on the purchased Notes from, and including, the last interest payment date for such Notes up to, but excluding, the Settlement Date (as d...