Discovery Communications LLC Exchange Offers of Approximately $2.2 Billion of Notes
4/5/2018

Davis Polk advised the dealer manager in connection with (i) the Rule 144A/Regulation S exchange offers by Discovery Communications, LLC of $393.487 million aggregate principal amount of its 2.750% senior notes due 2019, $542.304 million aggregate principal amount of its 2.800% senior notes due 2020, $345.894 million aggregate principal amount of its 3.500% senior notes due 2022, $476.725 million aggregate principal amount of its 3.900% senior notes due 2024 and $488.512 million aggregate principal amount of its 3.950% senior notes due 2025 for the outstanding 2.750% senior notes due 2019, 2.800% senior notes due 2020, 3.500% senior notes due 2022, 3.900% senior notes due 2024, 3.950% senior notes due 2025 of Scripps Networks Interactive, Inc. and (ii) the related solicitations of consent from the holders of the Scripps notes to certain amendments under the indentures governing the Scripps notes. The solicitations received the requisite consents to effect the proposed amendments.

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, as well as various digital distribution platforms. Discovery distributes customized content in the United States and over 220 other countries and territories in over 50 languages. Discovery’s global portfolio of networks includes prominent nonfiction television brands such as Discovery Channel, TLC, Investigation Discovery, Animal Planet, Science and Velocity (known as Turbo outside of the United States). 

The Davis Polk capital markets team included partner Derek Dostal and associates Stephen A. Byeff and Mahfouz Basith. The tax team included counsel Ethan R. Goldman. Partner Frank J. Azzopardi and associate Paul S. Lee provided intellectual property and technology advice. All members of the Davis Polk team are based in the New York office.