Discovery Communications, LLC, founded in 1985 and headquartered in Silver Spring, Maryland, is a prominent global media company dedicated to providing entertaining and educational content across a diverse range of platforms. The company's portfolio includes well-known brands such as Discovery Channel, TLC, Animal Planet, and HGTV, which deliver awe-inspiring documentaries, reality shows, and lifestyle programming to millions of viewers worldwide.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Discovery Communications has been active in the bond market since 2013 when it issued $1 billion in senior notes to fund its acquisition of the Oprah Winfrey Network. In 2020, amidst shifting market conditions, the company issued $500 million in 10-year notes, reflecting investor confidence with a yield of 2.7%, competitive in the media sector. As of October 2023, Discovery's bonds are trading at slightly above par, demonstrating resilience in a challenging media landscape, while the company monitors its capital structure amid ongoing industry transformations.