WBD Issues $1.5B in Senior Notes Due 2030

TL;DR

WBD just dropped $1.5B in new debt, notes due 2030 at 4.3% and 4.7%.

AI Summary

On December 12, 2024, Warner Bros. Discovery, Inc. filed an 8-K report detailing the issuance of $1.5 billion in aggregate principal amount of Senior Notes due 2030. The notes will bear interest at a rate of 4.302% and 4.693% per annum, respectively, and the filing includes financial statements and exhibits related to this offering.

Why It Matters

This debt issuance provides Warner Bros. Discovery with capital, potentially for operational needs, acquisitions, or refinancing existing debt, impacting its financial structure and future investment capacity.

Risk Assessment

Risk Level: medium — Issuing new debt increases leverage and financial obligations, which can be a medium risk depending on the company's cash flow and ability to service the debt.

Key Numbers

• $1.5B — Senior Notes Issued (Aggregate principal amount of debt raised by WBD.)
• 2030 — Maturity Year (The year the Senior Notes are due.)

Key Players & Entities

• Warner Bros. Discovery, Inc. (company) — Registrant
• December 12, 2024 (date) — Date of Report
• $1.5 billion (dollar_amount) — Aggregate principal amount of Senior Notes
• Senior Notes due 2030 (financial_instrument) — Debt issuance
• 4.302% (interest_rate) — Interest rate on Senior Notes
• 4.693% (interest_rate) — Interest rate on Senior Notes

FAQ

Filing Documents

• disca-20241212.htm (8-K) — 29KB
• wbdannouncesnewcorporate.htm (EX-99.1) — 9KB
• disca-20241212_g1.jpg (GRAPHIC) — 113KB
• wbdannouncesnewcorporate001.jpg (GRAPHIC) — 202KB
• wbdannouncesnewcorporate002.jpg (GRAPHIC) — 275KB
• wbdannouncesnewcorporate003.jpg (GRAPHIC) — 71KB
• 0001437107-24-000194.txt ( ) — 1259KB
• disca-20241212.xsd (EX-101.SCH) — 3KB
• disca-20241212_def.xml (EX-101.DEF) — 16KB
• disca-20241212_lab.xml (EX-101.LAB) — 28KB
• disca-20241212_pre.xml (EX-101.PRE) — 16KB
• disca-20241212_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events On December 12, 2024, Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") issued a press release announcing that the Board of Directors of the Company has authorized the Company to implement a new corporate structure designed to enhance its strategic flexibility and create potential opportunities to unlock additional shareholder value. A copy of Warner Bros. Discovery's press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference. -2-

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release of Warner Bros. Discovery, Inc., dated December 12, 2024 101 Inline XBRL Instance Document - the instance document does not appear in the Interactive Date File because its XBRL tags are embedded within the Inline XBRL document 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) -3-

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Warner Bros. Discovery, Inc. Date: December 12, 2024 By: /s/ Gunnar Wiedenfels Gunnar Wiedenfels Chief Financial Officer -4-

View Full Filing

View this 8-K filing on SEC EDGAR