Davis Polk advised the dealer managers on a cash tender offer by Discovery Communications, LLC for up to $600 million combined aggregate principal amount of its 5.050% senior notes due 2020 and 5.625% senior notes due 2019.

Based in Silver Spring, Maryland, Discovery is a global media company that provides content across multiple distribution platforms, including linear platforms such as pay-television, free-to-air and broadcast television and various digital distribution platforms around the world. Discovery distributes customized content in the United States and over 220 other countries and territories in over 40 languages.

The Davis Polk corporate team included partners Richard A. Drucker and Derek Dostal and associates Pedro J. Bermeo, Hillary A. Coleman and Vishal S. Melwani. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. Partner Frank J. Azzopardi and associate Paul S. Lee provided intellectual property and technology advice. Members of the Davis Polk team are based in the New York and London offices.