Nonfiction media company Discovery Communications is seeking to raise $650 million in a sale of senior notes. The bonds carry a coupon rate of 4.375% and are due to mature in 2021.

Discovery plans to use the proceeds for acquiring businesses, refinancing debt, for working capital, capital expenditures and repurchasing of its common stock. JP Morgan Securities, Citigroup Global Markets, Credit Suisse Securities USA, Merrill Lynch, Pierce, Fenner & Smith and RBS Securities are the joint book-runners for the deal.

Click here for the release from Discovery Communications.