Company: WBD
Filing Date: 2025-02-27
Form Type: S-3ASR
Source: 0001193125-25-039203
Chunk: 14

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-02-27
Form: S-3ASR
Chunk 14
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 debt securities, the senior debt securities will not contain any provisions that may afford holders of the senior debt securities protection in the event the applicable issuer has a change in control or in the event of a highly leveraged transaction (whether or not such transaction results in a change in control). 11

Events of Default. An event of default for any series of senior debt securities is defined under the senior indenture as being:

| • |     | the applicable issuer’s default in the payment of principal or premium on the senior debt securities of such                                                                                                   
 series when due and payable whether at maturity, upon redemption, by declaration or otherwise, if that default continues for a period of five days (or such other period as may be specified for such series); |

| • |     | the applicable issuer’s default in the payment of interest on any senior debt securities of such series when                   
 due and payable, if that default continues for a period of 60 days (or such other period as may be specified for such series); |

| • |     | The applicable issuer’s default in the performance of or breach of any of its covenants or agreements in the                                                                                                                                          
 senior indenture applicable to senior debt securities of such series, other than a covenant breach which is specifically dealt with elsewhere in the senior indenture, and that default or breach continues for a period of 90 days after such issuer 
 receives written notice from the trustee or from the holders of 25% or more in aggregate principal amount of the senior debt securities of such series (with a copy to the trustee if given by the holders);                                          |

| • |     | there occurs any other event of default provided for in such series of senior debt securities; |

| • |     | a court having jurisdiction enters a decree or order for (1) relief in respect of the applicable issuer in                                                                                                                                           
 an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect; (2) appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of such issuer or for all 
 or substantially all of such issuer’s property and assets; or (3) the winding up or liquidation of the applicable issuer’s affairs and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days;                 |

| • |     | the applicable issuer (1) commences a voluntary case under any applicable bankruptcy, insolvency or other                                                                                                                                          
 similar law now or here