WARNER BROS DISCOVERY INC Stock Price, News & Analysis

Warner Bros. Discovery (WBD) has announced the pricing terms for previously announced tender offers by its subsidiaries to purchase substantially all of their outstanding notes and debentures. The tender offers include multiple pools of notes with varying acceptance priority levels and tender caps.

For Pool 1 Notes, which has a $3.75B tender cap, DCL will accept all tendered 4.900% Senior Notes due 2026 and 1.90% Senior Notes due 2027, while WMH's 3.755% Senior Notes due 2027 will be prorated at approximately 68%. The Total Consideration includes an Early Tender Premium of $50 per $1,000 principal amount or €50 per €1,000 principal amount.

The offers will expire on July 9, 2025, with holders who tendered by the Early Tender Deadline of June 23, 2025, eligible for the Total Consideration plus accrued interest.

Warner Bros. Discovery (NASDAQ:WBD) announced the early participation results of its cash tender offers for substantially all outstanding notes and debentures issued by its subsidiaries. The tender offers, launched on June 9, 2025, received significant participation across multiple note pools.

The company received the Requisite Consents for proposed amendments to the Indentures by June 13, 2025, and supplemental indentures were executed. The withdrawal deadline passed on June 23, 2025, after which tendered notes can no longer be withdrawn except in limited circumstances.

The tender offers span six different pools of notes with various tender caps, including a $3.75 billion cap for Pool 1, €800 million for Pool 2, and $8 billion for Pool 4, demonstrating a substantial debt management initiative.

Warner Bros. Discovery (WBD) announced receiving the required consents for proposed amendments in its cash tender offers and consent solicitations. As of June 13, 2025, the company received sufficient tender instructions and consent for multiple series of notes across six different pools. The tender offers will expire on July 9, 2025, with an early tender deadline of June 23, 2025. Holders who tender by the early deadline will receive the Total Consideration including the Early Tender Premium. WBD plans to exercise its Early Settlement Right on June 30, 2025, for notes tendered by the early deadline. J.P. Morgan Securities is acting as Lead Dealer Manager, with Evercore Group as Co-Dealer Manager for the offers.

Noodles & Company (NASDAQ: NDLS) has partnered with Food Network to highlight four "Food Network Favorites" from its recently reinvented menu. The selected dishes include Basil Pesto Cavatappi, Buffalo Chicken Ranch Mac & Cheese, Rigatoni Rosa with Parmesan Chicken, and Lemon Garlic Shrimp Scampi. This partnership follows Noodles' March menu reinvention, where more than two-thirds of items were new or improved. The collaboration aims to showcase the restaurant's culinary craftsmanship and value proposition, combining Food Network's expertise in flavor with Noodles & Company's specialty in noodle-focused dishes. The selected items feature enhanced ingredients and recipes, including aged Parmesan, fire-roasted tomatoes, and signature sauces, available nationwide at Noodles & Company locations.

Warner Bros. Discovery (WBD) has launched a major debt tender offer through its subsidiaries to purchase up to $14.6 billion of outstanding notes and debentures. The offer, announced on June 9, 2025, includes multiple pools of notes with varying tender caps and priority levels. Holders who tender by the Early Tender Deadline of June 23, 2025, will receive the Total Consideration including an Early Tender Premium. The offer includes various series of notes with different maturity dates and interest rates, structured across six different pools. The tender offer is accompanied by consent solicitations for certain amendments to the indentures. The final expiration time is set for July 9, 2025, unless extended or terminated earlier.

Warner Bros. Discovery (WBD) announced plans to split into two separate publicly traded companies through a tax-free transaction. The first company, Streaming & Studios, will include Warner Bros. Television, Motion Picture Group, DC Studios, HBO, and HBO Max, led by current WBD CEO David Zaslav. The second company, Global Networks, will comprise entertainment, sports, and news brands including CNN, TNT Sports, Discovery, and digital products like Discovery+ and Bleacher Report, to be led by current CFO Gunnar Wiedenfels. The separation aims to provide each company with greater strategic flexibility and focus. Global Networks will retain up to 20% stake in Streaming & Studios. The transaction, supported by a $17.5 billion bridge facility from J.P. Morgan, is expected to complete by mid-2026.

Warner Bros. Discovery (WBD) announced that CFO Gunnar Wiedenfels will present at the MoffettNathanson 2025 Media, Internet and Communications Conference on Thursday, May 15, 2025 at 3:10 p.m. ET. The presentation will be accessible via live webcast in the "Investor Relations" section of WBD's website, with an on-demand replay available afterward.

Warner Bros. Discovery operates as a global media and entertainment leader, delivering content across television, film, streaming, and gaming platforms. The company reaches audiences in over 220 countries and territories through prominent brands including Discovery Channel, Max, HBO, CNN, DC, TNT Sports, and many others.

Warner Bros. Discovery (WBD) has announced its financial results for Q1 2025, ending March 31, 2025. The company will host a conference call at 8:30 a.m. ET to discuss the results, with a webcast available on their investor relations website. A telephone replay will be accessible until May 15, 2025, and the webcast recording will remain available for twelve months.

Warner Bros. Discovery operates as a global media and entertainment leader, delivering content across television, film, streaming, and gaming platforms. The company reaches audiences in over 220 countries and territories in 50 languages through its iconic brands including Discovery Channel, Max, CNN, HBO, TNT Sports, and Warner Bros. Motion Picture Group.

Warner Bros. Discovery (WBD) announced that Dr. John C. Malone will transition to Chair Emeritus after deciding not to seek re-election to the Company's Board of Directors at the 2025 Annual Meeting of Stockholders. In his new role, Dr. Malone will continue to attend Board meetings and provide strategic counsel to the Board and management team.

The company plans to nominate Anton Levy for election at the Annual Meeting. Following these changes, the Board will maintain 13 directors, with 12 being independent. Dr. Malone, described as a significant stockholder, will remain actively involved in shaping the company's strategic direction.

CEO David Zaslav praised Malone's strategic vision and contributions to Discovery and Warner Bros. Discovery's growth, highlighting their 30-year partnership. Board Chair Samuel A. Di Piazza, Jr. acknowledged Malone's role in developing WBD's strategy and navigating the current media landscape.