What is the total value of the notes being redeemed?

The aggregate principal amount of the notes being redeemed is $850,000,000.

When will the redemption take place?

The redemption is scheduled to occur on March 31, 2015.

How is the redemption price determined?

The redemption price is the greater of 100% of the principal amount or a calculated present value of future payments, discounted at a comparable Treasury rate plus 25 basis points, plus accrued interest.

WBD 8-K SEC Disclosure — Feb 27, 2015

Q: What is the primary purpose of this 8-K filing?

The primary purpose of this filing is to formally notify holders of Discovery Communications, LLC's 3.700% Senior Notes due 2015 that the company will redeem all outstanding notes.

Summary

This 8-K filing from Warner Bros. Discovery, Inc. (WBD), specifically detailing an event on February 27, 2015, concerns the impending redemption of Discovery Communications, LLC's 3.700% Senior Notes due 2015. The company plans to redeem the entire $850 million aggregate principal amount of these notes on March 31, 2015. This proactive move by management indicates a strategic decision to retire outstanding debt.

Key Highlights

1Discovery Communications, LLC, a subsidiary of WBD, will redeem its 3.700% Senior Notes due 2015.
2The total principal amount of notes to be redeemed is $850,000,000.
3The redemption date is scheduled for March 31, 2015.
4The redemption price will be the greater of par value or a calculated present value based on Treasury rates plus a spread.
5This action signifies the company's intent to reduce its outstanding debt obligations.

Warner Bros. Discovery, Inc. 8-K Report, Corporate Update (Feb 27, 2015)

Summary

Key Highlights

Frequently Asked Questions