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

From the Filing

0001437107-24-000194.txt : 20241212 0001437107-24-000194.hdr.sgml : 20241212 20241212083411 ACCESSION NUMBER: 0001437107-24-000194 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20241212 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241212 DATE AS OF CHANGE: 20241212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Warner Bros. Discovery, Inc. CENTRAL INDEX KEY: 0001437107 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] ORGANIZATION NAME: 06 Technology IRS NUMBER: 352333914 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34177 FILM NUMBER: 241543328 BUSINESS ADDRESS: STREET 1: 230 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 212-548-5555 MAIL ADDRESS: STREET 1: 230 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10003 FORMER COMPANY: FORMER CONFORMED NAME: Discovery, Inc. DATE OF NAME CHANGE: 20180306 FORMER COMPANY: FORMER CONFORMED NAME: Discovery Communications, Inc. DATE OF NAME CHANGE: 20080606 8-K 1 disca-20241212.htm 8-K disca-20241212 0001437107 false 0001437107 2024-12-12 2024-12-12 0001437107 us-gaap:CommonClassAMember 2024-12-12 2024-12-12 0001437107 disca:SeniorNotesDue20304.302Member 2024-12-12 2024-12-12 0001437107 disca:SeniorNotesDue20304.693Member 2024-12-12 2024-12-12 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):  December 12, 2024 Warner Bros. Discovery, Inc. (Exact name of registrant as specified in its charter) Commission File Number:   001-34177 Delaware 35-2333914 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) 230 Park Avenue South New York , New York 10003 (Address of principal executive offices, including zip code) 212 - 548-5555 (Registrant's telephone number, including area code) (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ☐ ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ☐ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ☐ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ☐ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Series A Common Stock WBD Nasdaq Global Select Market 4.302% Senior Notes due 2030 WBDI30 Nasdaq Global Market 4.693% Senior Notes due 2033 WBDI33 Nasdaq Global Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 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 opportun