24 03 2016

Discovery Communications, LLC $500 Million Senior Notes Offering

Davis Polk advised the joint bookrunners and representatives of the several underwriters in connection with an SEC-registered offering of $500 million of 4.900% senior notes due 2026 by Discovery Communications, LLC. The senior notes are guaranteed by the issuer’s indirect parent company, Discovery Communications, Inc.


 




BofA Merrill Lynch, J.P. Morgan, BNP PARIBAS, Citigroup, Credit Suisse, Mizuho Securities and RBC Capital Markets acted as Joint Bookrunners. Based in Silver Spring, Maryland, Discovery is a global media company that provides content across multiple distribution platforms, including digital distribution arrangements, throughout the world. As one of the world’s largest nonfiction media companies, Discovery provides original and purchased content to more than 2.8 billion cumulative subscribers worldwide through networks that it wholly or partially owns. Discovery distributes customized content in the United States and over 220 other countries and territories in over 45 languages. Discovery’s global portfolio of networks includes prominent television brands such as Discovery Channel, one of the first nonfiction networks and Discovery’s most widely distributed global brand, TLC, Animal Planet, Investigation Discovery, Science and Velocity (known as Turbo outside of the U.S.). Discovery also operates a diversified portfolio of production studios, websites and curriculum-based education products and services. The Davis Polk corporate team included partner Richard A. Drucker (Picture) and associate Pedro J. Bermeo. Partner Michael Farber and associate Christopher A. Baratta provided tax advice. Partner Frank J. Azzopardi and associate Jason J. Bang provided intellectual property and technology advice. Involved fees earner: Richard Drucker - Davis Polk & Wardwell; Pedro Bermeo - Davis Polk & Wardwell; Michael Farber - Davis Polk & Wardwell; Christopher Baratta - Davis Polk & Wardwell; Frank Azzopardi - Davis Polk & Wardwell; Jason Bang - Davis Polk & Wardwell;

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