Reported 3 days ago
Warner Bros. Discovery is buying back up to 40% of its $36 billion in bonds as part of its split into two companies, leaving bondholders with difficult choices akin to those faced by junk bond investors. The company's restructuring plan, involving a $17.5 billion bridge loan, is complicating investment protections, with risks increasing if investors choose not to sell back their debt. The situation has prompted concerns over the strength of bondholders' agreements and a potential downgrade in the company's debt ratings.
Source: YAHOO