0001193125-11-163883.txt : 20110613 0001193125-11-163883.hdr.sgml : 20110613 20110613172641 ACCESSION NUMBER: 0001193125-11-163883 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110613 DATE AS OF CHANGE: 20110613 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Discovery Communications, Inc. CENTRAL INDEX KEY: 0001437107 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 352333914 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-160043 FILM NUMBER: 11908931 BUSINESS ADDRESS: STREET 1: 12300 LIBERTY BOULEVARD CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: (720) 875-4000 MAIL ADDRESS: STREET 1: 12300 LIBERTY BOULEVARD CITY: ENGLEWOOD STATE: CO ZIP: 80112 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Discovery Communications, LLC CENTRAL INDEX KEY: 0001466143 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 320204298 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE DISCOVERY PLACE CITY: SILVER SPRING STATE: MD ZIP: 20910 BUSINESS PHONE: 2406622000 MAIL ADDRESS: STREET 1: ONE DISCOVERY PLACE CITY: SILVER SPRING STATE: MD ZIP: 20910 FWP 1 dfwp.htm FREE WRITING PROSPECTUS FREE WRITING PROSPECTUS

Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-160043

June 13, 2011

Pricing Term Sheet

Discovery Communications, LLC

4.375% Notes due 2021

 

Issuer:    Discovery Communications, LLC
Guarantor:    Discovery Communications, Inc.
Principal Amount:    $650,000,000
Security Type:    Senior Notes
Maturity Date:    June 15, 2021
Coupon:    4.375%
Price to Public:    99.377%
Yield to Maturity:    4.453%
Spread to Benchmark Treasury:    T+150 bps
Benchmark Treasury:    UST 3.125% May 15, 2021
Benchmark Treasury Spot and Yield:    101-15 / 2.953%
Net Proceeds to Issuer:    $641,725,500
Use of Proceeds:    Discovery Communications, LLC intends to use the net proceeds of this offering for general corporate purposes, including the acquisition of companies or businesses, repayment and refinancing of debt, working capital, capital expenditures and the repurchase by Discovery Communications, Inc. of its common stock pursuant to its stock repurchase plan.
Interest Payment Dates:    June 15 & December 15, beginning December 15, 2011
Make-Whole Call:    At any time at Treasury plus 25 basis points
Trade Date:    June 13, 2011
Settlement Date:    June 20, 2011 (T+5)
Denominations:    $2,000 x $1,000
CUSIP/ISIN:    25470DAE9 / US25470DAE94
Ratings*:   

Baa2 (stable) Moody’s Investors Service, Inc.

BBB (stable) Standard & Poor’s Ratings Services

BBB (stable) Fitch Ratings Ltd.

Joint Bookrunners:   

J.P. Morgan Securities LLC

Citigroup Global Markets Inc.

Credit Suisse Securities (USA) LLC

Merrill Lynch, Pierce, Fenner & Smith

                    Incorporated

RBS Securities Inc.

Co-Managers:   BNP Paribas Securities Corp.
  Credit Agricole Securities (USA) Inc.
  Goldman, Sachs & Co.
  Morgan Stanley & Co. LLC
  RBC Capital Markets, LLC
  Scotia Capital (USA) Inc.
  SunTrust Robinson Humphrey, Inc.
  Wells Fargo Securities, LLC

*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities LLC collect at (212) 834-4533, Citigroup Global Markets Inc. toll-free at (877) 858-5407 or Credit Suisse Securities (USA) LLC toll free at (800) 221-1037.

Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.

 

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