Warner Bros Discovery bondholders approve split, creating two companies, some concerns among bondholders

From Yahoo Finance: 2025-06-16 08:08:00

Warner Bros Discovery bondholders have approved a plan to split the corporation, creating two publicly traded entertainment companies. Credit investors also backed the move to buy back half of the $37 billion debt. However, some bondholders are concerned about the split’s complexity and potential impact on their bond holdings. A law firm’s attempt to negotiate better terms failed. Warner Bros Discovery received support from majority of bondholders, with credit investors having until June 23 to tender their bonds. Credit ratings agencies downgraded Warner Bros Discovery to junk status, triggering forced selling by investment-grade funds.



Read more at Yahoo Finance: Warner Bros Discovery bondholders approve plan to split the company