Warner Bros. Discovery Announces the Pricing Terms of Previously Announced Cash Tender Offer
NEW YORK, May 23, 2024 /PRNewswire/ — Warner Bros. Discovery, Inc. (“Warner Bros. Discovery” or the “Company“) today announced the pricing terms of the previously announced cash tender offer (the “Tender Offer“) by its wholly-owned subsidiaries, Warner Media, LLC, Discovery Communications, LLC and WarnerMedia Holdings, Inc. (each, an “Issuer” and together, the “Issuers“) to purchase up to approximately $2.61 billion aggregate purchase price (excluding accrued and unpaid interest, the “Aggregate Tender Cap“) of the outstanding notes described in the table below (together, the “Notes“), for the consideration and in the order of priority 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, dated May 9, 2024 (the “Offer to Purchase“).