Warner Bros Discovery Launches $2.7 Billion Buyback to Axe Debt
- Another part of its effort to pay down $50 billion debt load
- AT&T and Discovery raised $30 billion in bond market last year
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Warner Bros Discovery Inc. is looking to buy back notes as the company works to slash its debt load following its merger last year.
The New York-based media giant plans to repurchase as much as $2.7 billion of bonds maturing between December 2023 and June 2024, according to a Thursday statement.