Skydance Corporation Announces Expiration, Pricing Terms, and Settlement of Exchange Offers and Tender Offers

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Skydance Corporation has successfully consummated its acquisition of Warner Bros. Discovery and is executing the associated debt restructuring. The high tender participation rate (98.83%) effectively clears the majority of legacy WBD debt, though the $2.39 billion cash outflow for specific senior notes will immediately impact liquidity.

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