Warner Bros. Discovery Secures Required Consents for Proposed Amendments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: PRnewswire
- Consent Solicitation Success: Warner Bros. Discovery (WBD) successfully received the requisite consents on May 26, 2026, allowing amendments to its existing senior unsecured notes totaling approximately $1.39 billion, indicating strong investor support for the company's strategic direction.
- Acquisition Plan Advancement: The consent solicitation is linked to Paramount Skydance Corporation's acquisition of WBD, reflecting positive market expectations for the deal, which could provide WBD with new capital and resources to support its business expansion.
- Temporary Identifier Arrangement: Bonds of eligible consenting holders will be moved to a temporary identifier on the Payment Date, expected to be effective on May 29, 2026, which will distinguish these bonds in trading from those of non-eligible holders, enhancing market liquidity.
- Cash Payment Commitment: Paramount has committed to using cash to pay the consent fees, even though the acquisition is not yet completed, demonstrating confidence in WBD's future and potentially increasing investor recognition of the transaction.
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Analyst Views on WBD
Wall Street analysts forecast WBD stock price to fall
14 Analyst Rating
5 Buy
9 Hold
0 Sell
Moderate Buy
Current: 27.040
Low
14.75
Averages
24.98
High
30.00
Current: 27.040
Low
14.75
Averages
24.98
High
30.00
About WBD
Warner Bros. Discovery, Inc. is a global media and entertainment company that creates and distributes a portfolio of branded content across television, film, streaming and gaming. The Company's segments include Streaming, Studios and Global Linear Networks. The streaming segment primarily consists of its premium pay-television and streaming services. The studios segment primarily consists of the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and its networks/streaming services, distribution of its films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market (physical and digital), related consumer products and themed experience licensing, and interactive gaming. The Global Linear Networks segment primarily consists of its domestic and international television networks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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