Company: WBD
Filing Date: 2025-06-26
Form Type: 8-K
Source: 0001437107-25-000161
Chunk: 2

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-06-26
Form: 8-K
Item: Item 1.01
Chunk 2
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/C issuer. The effectiveness of the amendments set forth in the RCF Amendment is subject to the occurrence of the Funding Date under the Bridge Credit Agreement and certain other customary conditions.

Pursuant to the RCF Amendment, the parties thereto agreed to certain modifications in respect of the RCF Credit Agreement, including the following:

• Permitting the incurrence of debt and liens in connection with the Bridge Loan Agreement;

• Reducing the aggregate amount of commitments under the RCF Credit Agreement to $4 billion;

• Providing for the early termination of the facilities under the RCF Credit Agreement upon the consummation of the Separation Transaction;

• Certain other changes to the negative covenants as set forth more fully in the RCF Amendment to align with the negative covenants set forth in the Bridge Loan Agreement, as described above; and

• Providing additional credit support in respect of the amended RCF Credit Agreement obligations in the form of the same collateral and additional wholly-owned domestic subsidiary guarantees provided in respect of the Bridge Loan Agreement, as described above.

Except as amended by the RCF Amendment, the terms of the RCF Credit Agreement remain in full force and effect. The foregoing description of the RCF Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the RCF Amendment, which is filed as Exhibit 10.2 hereto.

General

Certain of the lenders under the Bridge Loan Facility and the RCF Credit Agreement and/or their affiliates have, from time to time performed, and may in the future perform, various financial advisory and investment banking, commercial banking and other services for WMH and its affiliates, for which they received or will receive customary fees and expense reimbursement. The representations and warranties contained in the Bridge Loan Agreement and the RCF Amendment were made only for purposes of such agreements and as of the dates specified therein, were solely for the benefit of certain parties to such agreements, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors should not rely on the representations and warranties or any description thereof as characterizations of the actual state of facts or condition of the Company and its subsidiaries. Moreover, information concerning the subject matter of the representations and warranties may change after the date of the applicable agreement, which subsequent information may or may not be fully reflected in public disclosures by the Company.

Item 2.03 Creation of a Direct Financial Obligation