Paramount Skydance launches $44.4 billion notes offering for Warner deal
+3.21% to $10.28 from $9.96
What moved PSKY
- Paramount Skydance launched roughly $44.4 billion in U.S. dollar- and euro-denominated senior secured first- and second-lien notes offered to qualified institutional buyers.
- Proceeds are earmarked to help fund the company’s acquisition of Warner Bros. Discovery and to repay existing debt.
- The proposed offering size is roughly four times Paramount Skydance’s current market capitalization of about $11.2 billion.
- Final terms, including principal amounts, interest rates, currencies and maturities, remain subject to market conditions.
Sources: PR Newswire · TipRanks · Yahoo Finance