Skydance settles cash tender offers for USD 2.4 billion WBD notes after acquisition closes

PUBT · 2d ago
Skydance settles cash tender offers for USD 2.4 billion WBD notes after acquisition closes
  • Skydance completed cash tender offers for WBD Issuers’ senior notes tied to its Warner Bros. Discovery acquisition.
  • About 98.83% of eligible principal was tendered; settlement is expected Oct. 9.
  • Tender consideration was USD 997.93 per USD 1,000 for 3.755% Senior Notes due 2027; USD 989.45 for 3.950% Senior Notes due 2028.
  • Separate exchange offers drew about 99.15% participation; holders receive par New SKYD Notes for tendered notes.
  • New SKYD Notes include senior secured second lien issues, with examples due 2029, 2032, 2042.


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