Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 128

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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, the Company includes the joint venture assets, liabilities and results of operations in the Company's consolidated financial statements. As of September 30, 2025, the carrying amounts of assets and liabilities of the consolidated VIE were not material. In addition to the initial equity ownership, Cutting Edge Group may receive up to an additional 10% economic interest in the venture based on the results of certain operational metrics.

NOTE 8. DEBT

The table below presents the components of outstanding debt (in millions). Weighted-AverageInterest Rate as ofSeptember 30, 2025September 30, 2025December 31, 2024Bridge loan with maturity of 15 months7.16 %$16,000 $— Senior notes with maturities of 5 years or less3.92 %6,658 13,744 Senior notes with maturities between 5 and 10 years4.37 %3,509 7,853 Senior notes with maturities greater than 10 years5.17 %7,677 17,930 Total debt33,844 39,527 Unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting, net(323)(22)Debt, net of unamortized discount, premium, debt issuance costs, and fair value adjustments for acquisition accounting33,521 39,505 Current portion of debt(139)(2,748)Noncurrent portion of debt$33,382 $36,757  During the three months ended September 30, 2025, the Company repaid $1,000 million of aggregate principal amount outstanding of its Bridge Loan Facility, repaid in full at maturity $97 million of aggregate principal amount outstanding of its senior notes due July 2025, completed open market repurchases for $59 million of aggregate principal amount outstanding of its senior notes, and purchased $2 million of aggregate principal amount outstanding of its senior notes to finalize the Tender Offers further described below.During the three months ended June 30, 2025, the Company’s wholly-owned subsidiaries, Discovery Communications, LLC (“DCL”), Discovery Global Holdings, Inc. (“DGH”) (formerly known as WarnerMedia Holdings, Inc.), Warner Media, LLC (“WML”), and Historic TW Inc. (“TWI”), commenced cash tender offers to purchase (the “Tender Offers”) up to approximately $14.6 billion