Company: WBD
Filing Date: 2025-02-27
Form Type: S-3ASR
Source: 0001193125-25-039203
Chunk: 13

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-02-27
Form: S-3ASR
Chunk 13
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 U.S. federal income tax purposes will be described in the applicable prospectus supplement. The applicable issuer may issue debt securities with the principal amount payable on any principal payment date, or the amount of interest payable on any interest payment date, to be determined by reference to one or more currency exchange rates, securities or baskets of securities, commodity prices or indices. You may receive a payment of principal on any principal payment date, or a payment of interest on any interest payment date, that is greater than or less than the amount of principal or interest otherwise payable on such dates, depending on the value on such dates of the applicable currency, security or basket of securities, commodity or index. Information as to the methods for determining the amount of principal or interest payable on any date, the currencies, securities or baskets of securities, commodities or indices to which the amount payable on such date is linked and certain related tax considerations will be set forth in the applicable prospectus supplement. Certain Terms of the Senior Debt Securities Covenants. Unless otherwise indicated in a prospectus supplement, the senior debt securities will not contain any financial or restrictive covenants, including covenants restricting either WBD or any of its subsidiaries from incurring, issuing, assuming or guaranteeing any indebtedness secured by a lien on any of WBD’s or its subsidiaries’ property or capital stock, or restricting either WBD or any of its subsidiaries from entering into sale and leaseback transactions. Consolidation, Merger and Sale of Assets. Unless we indicate otherwise in a prospectus supplement, an issuer may not consolidate with or merge into any other person, in a transaction in which such issuer is not the surviving corporation, or convey, transfer or lease its properties and assets substantially as an entirety to any person, in either case, unless:

| • |     | the successor entity, if any, is a U.S. corporation, limited liability company, partnership or trust (subject, in 
 each case, to certain exceptions provided for in the senior indenture);                                           |

| • |     | the successor entity assumes by supplemental indenture such issuer’s obligations on the applicable senior 
 debt securities and under the applicable senior indenture;                                                |

| • |     | immediately after giving effect to the transaction, no default or event of default shall have occurred and be 
 continuing; and                                                                                               |

| • |     | certain other conditions are met. |

No Protection in the Event of a Change in Control.Unless otherwise indicated in a prospectus supplement with respect to a particular series of senior