Paramount Skydance announced on Thursday that it launched a $7.5B senior secured Term B loan to help finance its planned acquisition of Warner Bros. Discovery. The new loan is part of a larger financing package: the company plans to raise about $44.4B in additional secured debt alongside the new loan and previously announced financing. The proceeds, together with cash on hand and planned equity financing, will be used to fund the WBD acquisition and repay certain existing debt. The financing and the acquisition remain subject to market and other conditions, and the company said there is no guarantee the transactions will close on the proposed terms or timeline.
Paramount Skydance CorporationParamount Skydance launched a $7.5B Term B loan as part of a $44.4B financing package to fund its planned acquisition of Warner Bros. Discovery.
Warner Bros Discovery IncParamount Skydance's financing package is aimed at funding its planned acquisition of Warner Bros. Discovery.
