Discovery Communications is seeking to raise €600 million through the sale of senior notes, in a process that is expected to close this week.
Discovery said it expects the net proceeds from the notes offering to be roughly €594.2 million after deducting estimated expenses related to the offering.
It said it will use the proceeds to repay a portion of senior notes that are due to be repaid in June 2015 and for general corporate purposes – including the acquisition of other companies or businesses, repayment and refinancing of other debt, working capital, capital expenditures and the repurchase by the company of its capital stock.
DTVE Week in View: Europe’s copyright rules battle.
16th February 2019