Warner Bros. Discovery Upsizes Debt Tender to Up to $2.5b

(Updates with details.)

The company is now tendering up to $2.5 billion of debt. The offer will expire on June 7, 2024.

The following securities are targeted by the offer:

• SNI 3.9% 11/15/24
• WBD 4.65% 05/15/50
• TWX 4.85% 07/15/45
• WBD 4.875% 04/01/43
• WBD 5.05% 03/15/42
• TWX 5.35% 12/15/43
• WBD 4% 09/15/55
• WBD 5.2% 09/20/47
• WBD 5.3% 05/15/49
• TWX 4.9% 06/15/42
• WBD 4.95% 05/15/42
• TWX 4.65% 06/01/44
• WBD 3.9% 11/15/24

The Issuers have retained Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and MUFG Securities Americas Inc. to act as the Lead Dealer Managers, and Scotia Capital (USA) Inc. and Truist ...