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Analyst maintains Buy on Warner Bros. Discovery with price target of $14, citing compelling assets and upcoming catalysts.

Creditors of Warner Bros. Discovery ( NASDAQ: WBD) have agreed to a debt deal that would allow the media company to split into two, according to a Wall Street Journal report from Monday.

To effect the split, Warner Bros has secured a $17.5 billion bridge loan from JPMorgan Chase to buy back a chunk of its debt. Bondholders also have agreed to certain restrictions in their debt ...