Paramount Skydance Corporation Announces $41.4 Billion and €885 Million Senior Secured Notes Offerings and $8.5 Billion and €850 Million Term Loan B Facility Pricing

Impact · against what's priced in

Paramount Skydance (PSKY) is finalizing a massive debt package to acquire Warner Bros. Discovery (WBD). While the successful funding secures the deal for WBD, the sheer scale of the debt—including ultra-long dated notes and an increased Term Loan B facility—creates significant long-term interest expense and leverage risks for PSKY.

WBD+0.50

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