Business
Warner Bros. Discovery Announces the Pricing Terms 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. 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).\nIssuer/ Offeror\nTitle of Security\nAggregate Principal Amount Outstanding\nCUSIP\nReference U.S Treasury Security\nBloomberg Reference Page/ Screen\nFixed Spread (basis points)\nConsideration(1)\nWarner Media, LLC\n4.050% Senior Notes due 2023\n$67,262,000\n887317AR6\n0.125% UST due December 15, 2023\nFIT3\n+25\n$994.64\nHistoric TW Inc.\n7.570% Senior Notes due 2024\n$32,782,000\n887315BH1\n2.500% UST due January 31, 2024\nFIT3\n+30\n$1,008.13\nDiscovery Communications, LLC\n3.800% Senior Notes due 2024\n$383,192,000\n25470DAM1\n0.250% UST due March 15, 2024\nFIT3\n+30\n$989.01\nWarnerMedia Holdings, Inc.\n3.528% Senior Notes due 2024\n$499,290,000\nU56632AK655903VAV5\n0.250% UST due March 15, 2024\nFIT3\n+30\n$987.36\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\n$986.80\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$982.80\n(1)\nPer $1,000 principal amount of Notes validly tendered and not validly withd...