Investing.com -- Discovery Global Holdings, a unit of Warner Bros. Discovery, secured new credit agreements for term loans totaling $13 billion and €1.72 billion on Thursday. The dollar-denominated loans have a seven-year term, as do the euro-denominated loans.
The company used the proceeds from these new term loans, combined with existing cash reserves, to fully repay $15 billion in outstanding debt from a non-investment grade leveraged bridge loan agreement dated June 26, 2025.
The new dollar term loans carry interest rates based on Discovery Global Holdings’ choice of Term SOFR plus 2.50% annually or the base rate plus 1.50% annually. The euro term loans bear interest at the EURIBOR screen rate plus 2.50% per year.
The dollar-denominated loans mature on June 4, 2033, and include an amortization schedule of 1.00% per year.
JPMorgan Chase acts as the US administrative agent and collateral agent for the transaction, while JPMorgan SE serves as the non-US administrative agent.
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