- Total notes: $41.4 billion USD and €885 million EUR.
- Term loan matures 2033.
- Closing expected October 5, 2026.
- Proceeds to finance WBD acquisition and repay existing debt.
- Paramount Skydance Corp priced a massive debt offering to fund its acquisition of Warner Bros. Discovery. The company sold $41.4 billion and €885 million in senior secured notes across eight first-lien and four second-lien tranches, with coupons from 6.30% to 9.125% and maturities from 2028 to 2066. It also priced an $8.5 billion USD and €850 million EUR Term Loan B facility, upsized from $7.5 billion, bearing interest at SOFR/EURIBOR plus 2.75%.
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