Discovery ( Nasdaq: WBD) is a leading global media and entertainment company that creates and distributes the world’s most differentiated and complete portfolio of content and brands across television, film and streaming. None of the Issuer, the Tender and Information Agent or the Dealer Manager, nor any of their affiliates, has made any recommendation as to whether holders should tender or refrain from tendering all or any portion of their Notes in response to the Tender Offer. In any jurisdiction where the laws require the Tender Offer to be made by a licensed broker or dealer, the Tender Offer was made by the Dealer Manager on behalf of the Issuer. The Tender Offer was not made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. The Tender Offer was made only by, and pursuant to the terms of, the Tender Offer Documents. This news release is neither an offer to purchase nor a solicitation of an offer to sell any securities. served as the Tender and Information Agent for the Tender Offer. served as the Dealer Manager for the Tender Offer. The Issuer intends to fund the purchase of the Notes with cash on hand.īNP Paribas Securities Corp. The settlement date for Notes validly tendered and not validly withdrawn at or prior to the Expiration Time and all Notes validly tendered and delivered pursuant to the guaranteed delivery procedures is expected to be J(the “ Settlement Date“). The Issuer will not accept any further tenders. The Issuer also expects to accept all Notes validly tendered and delivered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents. In addition to the Consideration, Holders whose Notes have been accepted for purchase will also receive accrued and unpaid interest on the purchased Notes from, and including, the last interest payment date for such Notes up to, but excluding, the Settlement Date (as defined below). Upon the terms and subject to the conditions set forth in the Tender Offer Documents, Holders whose Notes have been accepted for purchase in the Tender Offer will receive the Consideration for each $1,000 principal amount of such Notes in cash on the Settlement Date. The Issuer expects to accept for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time.
Per $1,000 principal amount of Notes validly tendered before the Expiration Time, not validly withdrawn and accepted for purchase. The following table presents the aggregate principal amount of the Notes tendered and not validly withdrawn as of the Expiration Time and the aggregate principal amount of the Notes tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.Īmounts do not include the principal amount of the Notes tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents. The Tender Offer was announced on Jand was made pursuant to the Offer to Purchase, dated J(the “ Offer to Purchase“), and the related notice of guaranteed delivery (the “ Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “ Tender Offer Documents“).
Discovery” or the “ Company“) today announced the expiration and results, as of 5:00 p.m., New York City time, on J(the “ Expiration Time“), of the previously announced cash tender offer (the “ Tender Offer“) by WarnerMedia Holdings, Inc., the Company’s wholly-owned subsidiary (the “ Issuer“), for any and all of the Issuer’s outstanding Floating Rate Notes due 2024 (the “ Notes“).
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