Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. as joint book-running managers and representatives of the several underwriters in connection with an SEC-registered offering of $500 million 3.3% senior notes due 2022 and $500 million 4.95% senior notes due 2042 by Discovery Communications, LLC. The senior notes are guaranteed by the issuer’s indirect parent company, Discovery Communications, Inc.
Based in Silver Spring, Maryland, Discovery is a leading nonfiction media company whose 140-plus worldwide networks include Discovery Channel, TLC, and Animal Planet. Discovery also offers leading consumer and educational products and services, as well as a diversified portfolio of digital media services including HowStuffWorks.com.
The Davis Polk corporate team included partner Richard A. Drucker and associates Sarah Ashfaq and Lucia Goy. Partner Samuel Dimon and associate Avinash Venkatesh provided tax advice. Rosemarie Melendez was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
