This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Warner Bros Wins Bondholders Approval for Debt Restructuring
June 18, 2025
Warner Bros. Discovery Inc (WBD) has secured enough support from creditors to overhaul its debt as part of its plan to split into two separate companies, one focused on streaming and movies, and the other on cable TV channels. This is a key move to help the company recover from a heavy debt load following its 2022 merger. The company plans to buy back $14.6bn of bonds and renegotiate remaining debt terms to gain more flexibility. Support from bondholders was substantial, with some debt issues getting approval from over 90% of holders.
The company is also considering increasing its debt buyback, according to sources, and the $17.5bn bridge loan which WBD is receiving could increase to $20bn to fund these further purchases. WBD plans to keep most of the current debt with the cable business, which will retain a 20% stake in the streaming unit to sell over time to help pay down the debt. The debt overhaul has led to a junk bond rating from Moody’s due to the new secured debt from the bridge loan.
Bonds traded stable with its 4.279% 2032s at 83.7, yielding 7.39%.
For more details, click here.
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.