Discovery Communications completed a $500 million offering
of 5.625% senior notes Wednesday.
Discovery said in a statement that it will use the proceeds
to repay the remaining $428 million outstanding on a term loan due 2010. Any
remaining proceeds will be used for general corporate purposes, the company
said.
Discovery priced the offering on Aug. 12. Citigroup Global
Markets, J.P. Morgan Securities, Banc of America Securities, Credit Suisse
Securities and RBS Securities acted as joint book running managers for the
offering.
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