Davis Polk advised J.P. Morgan Securities plc, BNP Paribas, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Credit Suisse Securities (Europe) Limited, Goldman, Sachs & Co., Merrill Lynch International and The Royal Bank of Scotland plc as joint bookrunners in connection with an SEC-registered offering of €300 million of 2.375% senior notes due 2022 by Discovery Communications, LLC. The senior notes are guaranteed by the issuer’s indirect parent company, Discovery Communications, Inc.

Based in Silver Spring, Maryland, Discovery is a global media company that provides content across multiple distribution platforms, including digital distribution arrangements, throughout the world. As one of the world’s largest nonfiction media companies, Discovery provides original and purchased content to more than 2.5 billion cumulative subscribers worldwide through networks that it wholly or partially owns. Discovery distributes customized content in the United States and over 220 other countries and territories in over 40 languages. Discovery’s global portfolio of networks includes prominent television brands such as Discovery Channel, one of the first nonfiction networks and Discovery’s most widely distributed global brand, TLC and Animal Planet. 

The Davis Polk corporate team included partner Richard A. Drucker and associate Peter E. Devlin. Partner Samuel Dimon and associate Avinash Venkatesh provided tax advice. Associate Dan Karmel provided intellectual property advice. Karla A. Rivera Fortis was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.