The Firm represented BNP Paribas Securities Corp., as dealer manager, in connection with the cash tender offer by WarnerMedia Holdings, Inc. (the “Company”), a direct wholly owned subsidiary of Warner Bros. Discovery, Inc. (“WBD”), to purchase any and all of its outstanding Floating Rate Senior Notes due 2024 (the “Notes”). Approximately 92% of the Notes were validly tendered and accepted in the tender offer.
Warner Bros. Discovery is a premier global media and entertainment company that combines the WarnerMedia Business’s premium entertainment, sports and news assets with Discovery’s leading non-fiction and international entertainment and sports businesses, offering audiences a differentiated portfolio of content, brands and franchises across television, film, streaming and gaming. Some of WBD’s iconic brands and franchises include Warner Bros. Pictures Group, Warner Bros. Television Group, DC, HBO, HBO Max, Discovery Channel, discovery+, CNN, HGTV, Food Network, TNT, TBS, TLC, OWN, Warner Bros. Games, Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings.
The Simpson Thacher team included Art Robinson, David Azarkh, Patrick Baron and Ignacio Perez (Capital Markets); and Michael Mann (Tax).