Paramount Skydance completes Warner Bros. Discovery acquisition, issues $41.4 billion in notes

Paramount Skydance (PSKY) closed its acquisition of Warner Bros. Discovery (WBD) on October 6, creating a combined entity named Skydance. The company issued $41.4 billion in senior secured notes to finance the deal, including $30 billion in first-lien notes and $11.4 billion in second-lien notes. The company targets at least $6 billion in annual run-rate synergies within three years.