A Warner Bros. Discovery unit issued a conditional notice in January 2025 to redeem $1.5 billion of notes

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

WarnerMedia Holdings, a wholly owned subsidiary of Warner Bros. Discovery, issued a conditional notice on Jan 28, 2025 to redeem in full its outstanding $1.5 billion in principal amount of 6.412% Senior Notes due 2026. The redemption was to be funded with a new $1.5 billion 364-day senior unsecured term loan and was conditioned on WarnerMedia Holdings or an affiliate receiving the loan's proceeds. The filing said the notes were to be redeemed on Feb 7, 2025, or, if the condition was not met by then, on a later date no later than Mar 29, 2025, at 100% of principal plus accrued and unpaid interest. The notice was described in Warner Bros. Discovery's Form 8-K, a US company's report of a material event, filed Jan 28, 2025.1^,2^,3^,4^,5^,6