Davis Polk advised the joint bookrunners and representatives of the several underwriters in connection with an SEC-registered offering of $450 million aggregate principal amount of a new series of 3.800% senior notes due 2024 and $200 million aggregate principal amount of an SEC-registered reopening of 4.900% senior notes due 2026 by Discovery Communications, LLC. The senior notes are guaranteed by the issuer’s indirect parent company, Discovery Communications, Inc.

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. As one of the world’s largest pay-TV programmers, Discovery provides original and purchased content and live events to more than 2.8 billion cumulative viewers worldwide through networks that it wholly or partially owns. Discovery distributes customized content in the United States and over 220 other countries and territories in over 40 languages. Discovery’s global portfolio of networks includes prominent nonfiction television brands such as Discovery Channel and Discovery’s most widely distributed global brand, TLC, Animal Planet, Investigation Discovery, Science and Velocity (known as Turbo outside of the U.S.).

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.

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