Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

WARNER BROS. DISCOVERY, INC.

(WBD)
  Report
Real-time Estimate Cboe BZX  -  04:29:38 2023-01-26 pm EST
15.07 USD   +11.55%
02:20pWarner Bros. Discovery Sign Baz Luhrmann in First-Look Deal
MT
01/25Tech firms, Wall Street lead job cuts in corporate America
RE
01/20Warner Bros. Discovery, Inc. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

WARNER BROS. DISCOVERY, INC. : Other Events, Financial Statements and Exhibits (form 8-K)

11/22/2022 | 07:00am EST

Item 8.01. Other Events

On November 22, 2022, Discovery Communications, LLC ("DCL"), a wholly owned subsidiary of Warner Bros. Discovery, Inc., issued notices for (i) the redemption in full of all $191,979,000 aggregate principal amount outstanding of its 3.250% Senior Notes due 2023 (CUSIP: 25470DAH2) (the "3.250% Notes"), in accordance with the terms of the indenture governing the 3.250% Notes and (ii) the redemption in full of all $795,865,000 aggregate principal amount outstanding of its 2.950% Senior Notes due 2023 (the "2.950% Notes" and together with the 3.250% Notes, the "Notes") (CUSIP: 25470DAQ2), in accordance with the terms of the indenture governing the 2.950% Notes.

The Notes will be redeemed on December 22, 2022 (the "Redemption Date") at a redemption price with respect to each Note equal to the greater of (i) 100% of the principal amount of the Notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to the Redemption Date and assuming that the 2.950% Notes mature on February 20, 2023) discounted to the Redemption Date on a semi-annual basis at a comparable treasury rate plus 20 basis points, plus accrued and unpaid interest thereon to the Redemption Date.

On the Redemption Date, the applicable redemption prices will become due and payable on the Notes and, unless DCL defaults in the payment of the applicable redemption prices, interest on the Notes will cease to accrue on and after the Redemption Date. The notices of redemption specifying the terms, conditions and procedures for the redemption of the Notes are available through U.S. Bank Trust Company, National Association, located at One Federal Street, 10th Floor, Boston, Massachusetts, 02110, as paying agent for the Notes. The foregoing does not constitute a notice of redemption for the Notes.

--------------------------------------------------------------------------------

Item 9.01. Financial Statements and Exhibits


        Inline XBRL Instance Document - the instance document does not appear in the
101     Interactive Date File because its XBRL tags are embedded within the Inline XBRL
        document
104     Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit
        101)



--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

All news about WARNER BROS. DISCOVERY, INC.
02:20pWarner Bros. Discovery Sign Baz Luhrmann in First-Look Deal
MT
01/25Tech firms, Wall Street lead job cuts in corporate America
RE
01/20Warner Bros. Discovery, Inc. : Change in Directors or Principal Officers, Financial Statem..
AQ
01/20Warner Bros. Discovery, Inc. Announces Board of Directors Changes
CI
01/13Bank execs dampen the mood
MS
01/13MarketScreener's World Press Review: January 13
MS
01/12Warner Bros Discovery explores sale of music library - FT
RE
01/12Warner Bros. Discovery Considers Sale of Music Libr..
MT
01/12Warner Bros Discovery explores sale of music library - FT
RE
01/12Warner Bros Discovery Is Exploring A Sale Of Its Music Library That Could Be Valued At ..
RE
More news
Analyst Recommendations on WARNER BROS. DISCOVERY, INC.
More recommendations