Discovery Announces Debt Offering
Discovery, Inc. - Series A (DISCA)
Last discovery, inc. - series a earnings: 2/27 07:00 am
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US:NASDAQ Investor Relations:
corporate.discovery.com/contact/investor-relations
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Source: PR Newswire
SILVER SPRING, Md., May 16, 2019 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (Nasdaq: DISCA, DISCB, DISCK) announced today that Discovery Communications, LLC ("DCL") has commenced an underwritten public offering of senior fixed rate notes. The notes will be issued by DCL and guaranteed by the Company and its wholly owned subsidiary Scripps Networks Interactive, Inc. ("Scripps"). The Company intends to use the net proceeds from the offering to redeem all of DCL's outstanding 2.750% Senior Notes due November 2019 and 5.050% Senior Notes due June 2020, as well as Scripps' outstanding 2.750% Senior Notes due November 2019 (collectively, the "Redeemed Notes"), and to pay interest, premiums, fees and expenses in connection with those redemptions. The Company intends to use any remaining proceeds for general corporate purposes, which may include without limitation, the acquisition of other companies or businesses, repayment and refinancing of debt, working capital, capital
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