Davis Polk advised the underwriters in connection with SEC-registered offerings by Discovery Communications, LLC of $1 billion aggregate principal amount of 3.625% senior notes due 2030 and $1 billion aggregate principal amount of 4.650% senior notes due 2050. The net proceeds from the offerings were approximately $1.979 billion, which Discovery used to fund concurrent cash tender offers, with the remaining net proceeds being used for general corporate purposes. Davis Polk also advised the dealer managers in connection with concurrent cash tender offers to purchase various series of outstanding debt.

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, broadcast television and authenticated GO and various digital distribution platforms around the world. Discovery distributes customized content in the United States and over 220 other countries and territories in nearly 50 languages.

The Davis Polk corporate team included partner Derek Dostal and associates Sana Bargach and Dennis Chu. Counsel Ethan R. Goldman and associate Daniel L. Jose provided tax advice. Partner Frank J. Azzopardi and associate Gianna C. Walton provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

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