Discovery Communications to redeem in full 4.375% notes due 2021

By Marisa Wong

Los Angeles, Feb. 19 – Discovery Communications, LLC, a wholly owned subsidiary of Discovery, Inc., issued a notice for the full redemption of its $335,283,000 outstanding 4.375% notes due 2021 (Cusip: 25470DAE9), according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed on March 21 at a redemption price equal to the greater of par and the sum of the present values of the remaining scheduled payments of principal and interest discounted to the redemption date on a semiannual basis at Treasuries plus 25 basis points, plus accrued interest to the redemption date.

U.S. Bank NA is the paying agent.

The global media company is based in Silver Spring, Md.

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