Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse Securities (USA) LLC as joint book-running managers and representatives of the several underwriters in connection with an SEC-registered offering of $350 million 3.250% senior notes due 2023 and $850 million 4.875% senior notes due 2043 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 digital distribution arrangements, throughout the world. As one of the world’s largest nonfiction media companies, Discovery provides original and purchased content to more than 1.9 billion cumulative subscribers worldwide through networks that it wholly or partially owns. Discovery distributes customized content in the United States and over 200 other countries and territories in over 40 languages. Discovery’s global portfolio of networks includes prominent television brands such as Discovery Channel, one of the first nonfiction networks and Discovery’s most widely distributed global brand, TLC and Animal Planet.
The Davis Polk corporate team included partner Richard A. Drucker, associate Peter E. Devlin and law clerk Kyle Raymond Smit. Partner Samuel Dimon and associate Avinash Venkatesh provided tax advice. Sorina Delia Lazar was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
