Key Developments: Discovery Communications Inc (DISCA.O)

DISCA.O on Nasdaq

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17 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Discovery Communications LLC Completes registered offering of Senior Notes due 2027 - Form 8-K
Thursday, 19 Mar 2015 06:10am EDT 

Discovery Communications LLC:Completes registered offering of 600 mln euros aggregate principal amount of its 1.90 pct Senior Notes due 2027.Notes were sold in an underwritten public offering pursuant to an underwriting agreement, dated as of March 12.Sold among DCL, Discovery Communications, Inc. and J.P. Morgan Securities plc, Credit Suisse Securities (Europe) Limited, Merrill Lynch International, BNP Paribas, Citigroup Global Markets Limited and Crédit Agricole Corporate and Investment Bank.Notes bear interest at a rate of 1.90 pct per year and will mature on March 19, 2027.Interest on the Notes is payable on March 19 of each year, beginning on March 19, 2016.  Full Article

Discovery Communications Inc announces pricing of senior notes
Thursday, 12 Mar 2015 05:10pm EDT 

Discovery Communications Inc:Says Discovery Communications, LLC (DCL) has priced an offering of 600 mln Euro aggregate principal amount of its 1.90% senior notes due 2027.Notes were priced at 99.787 pct of their principal amount to yield 1.92 pct to maturity.Says sale of notes is expected to close on March 19, subject to customary closing conditions.Expects net proceeds from offering of notes to be about 594.2 mln Euros after deducting underwriting discount and estimated expenses related to offering.Intends to use net proceeds of this offering to repay portion of its 3.700% Senior Notes due June 2015 and for general corporate purposes.Pending application, DCL may temporarily invest the net proceeds in short-term investments.J.P. Morgan Securities plc, Credit Suisse Securities (Europe) Limited, Merrill Lynch International, BNP Paribas, Citigroup Global Markets Limited and Credit Agricole Corporate and Investment Bank served as joint bookrunners for the offering.  Full Article

Discovery Communications, Inc announces pricing of senior notes
Wednesday, 25 Feb 2015 07:11pm EST 

Discovery Communications, Inc:Says that it has priced an offering of $300 million aggregate principal amount of its 3.45 pct. senior notes due 2025.The Notes were priced at 99.915 pct. of their principal amount to yield 3.46 pct. to maturity.The sale of the Notes is expected to close on March 2, 2015.The Notes will be unsecured and will rank equally with all of DCL's other unsecured senior indebtedness.The Notes will be fully and unconditionally guaranteed on an unsecured and unsubordinated basis by the Company.DCL expects the net proceeds from the offering of the Notes to be about $296.8 million after deducting the underwriting discount and estimated expenses related to the offering.DCL intends to use the net proceeds of this offering to repay a portion of its 3.700 pct. Senior Notes due June 2015 and for general corporate purposes.Also used for acquisition of other companies or businesses, repayment and refinancing of debt, working capital, capital expenditures and the repurchase by the company of its capital stock Pending application, DCL may temporarily invest the net proceeds in short-term investments.J.P. Morgan Securities LLC, Citigroup Global Markets Inc., RBS Securities Inc., BNP Paribas Securities Corp., Goldman, Sachs & Co Wells Fargo Securities, LLC acted as joint book-running managers for the offering.Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and SunTrust Robinson Humphrey, Inc. acted as co-managers.  Full Article

Discovery Communications Inc gives FY 2015 revenue outlook; earnings outlook below analysts' estimates - Conference Call
Thursday, 19 Feb 2015 08:30am EST 

Discovery Communications Inc:Expects FY 2015 revenues to grow in the high single to low double-digit range.Expects FY 2015 adjusted OIBDA to grow in the low to mid single-digit range.Expects FY 2015 adjusted EPS to grow in the high single to low double-digit range.Reported revenue of $6.265 bln, EBITDA of $2.390 bln, EPS of $1.66 in FY 2014.FY 2015 revenue of $6.769 bln, EBITDA of $2.623 bln, EPS of $1.95 - Thomson Reuters I/B/E/S.  Full Article

Discovery Communications Inc lowers FY 2014 revenue outlook
Tuesday, 4 Nov 2014 07:02am EST 

Discovery Communications Inc:Now expects FY 2014 total revenue between $6.3 and $6.35 billion.FY 2014 adjusted OIBDA between $2.5 and $2.55 billion.FY 2014 net income between $1.15 and $1.175 billion.FY 2014 adjusted net income between $1.275 and $1.305 billion.FY 2014 revenue of $6.4 billion, EBITDA of $2.6 billion and net income of $1.2 billion - Thomson Reuters I/B/E/S.  Full Article

Discovery Communications and Liberty Global close deal to acquire All3Media
Tuesday, 23 Sep 2014 10:30am EDT 

Discovery Communications and Liberty Global:Finalizes their transaction following regulatory clearance to jointly acquire All3Media, a global content creator and distributor of TV programming.In May 2014, Discovery Communications and Liberty Global formed a joint venture to preserve All3Media's creative autonomy while providing strategic guidance and investment to support its global growth.  Full Article

Discovery Communications Inc reaffirms FY 2014 revenue guidance; lowers high end of prior FY 2014 OIBDA guidance; raises FY 2014 net income guidance
Thursday, 31 Jul 2014 07:01am EDT 

Discovery Communications Inc:Expects FY 2014 total revenue between $6.45 billion and $6.525 billion.Expects FY 2014 Adjusted OIBDA between $2.6 billion and $2.65 billion.Expects FY 2014 net income available to Discovery Communications, Inc. between $1.225 billion and $1.275 billion.Expects FY 2014 adjusted net income available to Discovery Communications, Inc. between $1.34 billion and $1.4 billion.FY 2014 revenue of $6.468 billion, EBITDA of $2.62 billion and net income of $1.245 billion - Thomson Reuters I/B/E/S.  Full Article

Discovery Communications completes acquisition of controlling interest in Eurosport International
Friday, 30 May 2014 11:45am EDT 

Discovery Communications Inc:Announced the completion of acquisition of a controlling interest in Eurosport International, Europe's sports entertainment group.Increased its interest in Eurosport to 51 pct from 20 pct as part of a larger strategic partnership with TF1 Group that began in December 2012.  Full Article

Discovery Communications announces special dividend of series c common stock
Tuesday, 20 May 2014 05:04pm EDT 

Discovery Communications Inc:Declared a special dividend of shares of the company's Series C common stock payable to holders of record of its Series A common stock, Series B common stock and Series C common stock as of the close of business on July 28, which is the record date for the dividend.As a result of the dividend, each holder of a share of the company's Series A common stock, Series B common stock or Series C common stock will receive one additional share of the company's Series C common stock on or about Aug. 6, 2014.  Full Article

Discovery Communications and Liberty Global to acquire ALL3MEDIA
Thursday, 8 May 2014 01:39pm EDT 

Discovery Communications Inc:Says the company and Liberty Global announced an agreement to form a 50:50 joint venture to acquire All3Media, a international producer and distributor of TV programming, from its founders and the Permira funds.All3Media group will continue to operate under its own name with its own executive management team, and its existing creative operating model as a standalone, independently managed entity.Joint venture will acquire All3Media at an enterprise value of 550 million pounds.Transaction is expected to close in the third quarter.  Full Article

Discovery, Providence Equity eye S.Korean pay-TV firm- Korea Economic Daily

SEOUL, April 8 - Discovery Communications Inc and private equity firm Providence Equity Partners were among four U.S. bidders expressing interest in South Korean cable TV firm C&M Co, a newspaper reported on Wednesday.

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