Warner Bros. Discovery Secures Necessary Consents for Proposed Amendments Amid Acquisition Talks
Warner Bros. Discovery Announces Receipt of Requisite Consents for Proposed Amendments in Consent Solicitations
BenzingaImage: Benzinga
Warner Bros. Discovery, Inc. has received the required consents for proposed amendments related to its senior unsecured notes as part of the consent solicitations conducted by its subsidiaries. This follows the company's ongoing acquisition discussions with Paramount Skydance Corporation, which also includes tender and exchange offers for certain notes.
- 01The consent solicitations were conducted by Discovery Global Holdings and Discovery Communications, LLC.
- 02WBD received consents for amendments to its senior unsecured notes as of May 26, 2026.
- 03The acquisition by Paramount Skydance Corporation includes offers to purchase and exchange certain WBD notes.
- 04Eligible consenting holders will receive a consent payment of $2.50 per $1,000 principal amount of WBD notes.
- 05The payment date for the consent solicitations is expected to occur around May 29, 2026.
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Warner Bros. Discovery, Inc. (NASDAQ: WBD) announced the receipt of necessary consents for proposed amendments to its senior unsecured notes following consent solicitations by its subsidiaries, Discovery Global Holdings, Inc. and Discovery Communications, LLC. As of May 26, 2026, the company confirmed that consents representing a significant principal amount of WBD Notes were validly delivered and not revoked. This development is part of the broader acquisition discussions with Paramount Skydance Corporation, which has initiated concurrent tender and exchange offers for certain specified notes held by eligible consenting holders. The consent payment for those who validly delivered their consents will be $2.50 per $1,000 principal amount, with payments expected to occur around May 29, 2026. The amendments will take effect upon the Payment Date, enhancing the terms of the existing indentures governing the WBD Notes.
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