Company: WBD
Filing Date: 2025-06-16
Form Type: 8-K
Source: 0001437107-25-000151
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Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-06-16
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement

On June 16, 2025, Warner Bros. Discovery, Inc. (the “ Company”) announced that the Offerors (as defined below) had received the required consents (the “ Requisite Consents”) for the adoption of certain proposed amendments (the “ Proposed Amendments”) to the indentures governing the appliable notes and debentures in the previously-announced Tender Offers and Consent Solicitations (each, as defined herein).

As previously announced, on June 9, 2025, the Company’s wholly-owned subsidiaries, Discovery Communications, LLC (“ DCL”), WarnerMedia Holdings, Inc. (“ WMH”), Warner Media, LLC (“ WML”) and Historic TW, Inc. (“ TWI” and, together with DCL, WMH and WML, the “ Offerors”), commenced offers to purchase (the “ Tender Offers”) for cash substantially all of their outstanding notes and debentures, subject to certain terms and conditions. In conjunction with the Tender Offers, DCL, WMH and TWI also commenced solicitations of consents (the “ Consent Solicitations”) from holders of substantially all of their outstanding notes and debentures to adopt the Proposed Amendments. The terms and conditions of the Tender Offers and the Consent Solicitations are set forth in the Offerors’ Offer to Purchase and Consent Solicitation Statement, dated June 9, 2025 (the “ Offer to Purchase and Consent Solicitation Statement”).

As a result of receiving the Requisite Consents, DCL, WMH and TWI executed and delivered the following supplemental indentures (collectively, the “ Supplemental Indentures”) relating to the Proposed Amendments to the applicable indentures. Each of the Supplemental Indentures is effective upon execution but will only become operative upon settlement of the applicable Tender Offer and Consent Solicitation:

(i) Twenty-Third Supplemental Indenture, dated June 13, 2025, among DCL, as the issuer, the guarantors from time to time party thereto and U. S. Bank Trust Company, National Association (as successor in interest to U. S. Bank National Association), as trustee (in such capacity, the “ DCL Indenture Trustee”), with respect to the Indenture, dated August 19, 2009, among DCL, as the issuer, the guarantors from time to time party thereto and the DCL Indenture Trust