Coverage dated September 22, 2026 to September 24, 2026
Citigroup Sets Up Paramount Loan Calls as Banks Prepare to Sell Debt
Headline from Bloomberg
Paramount Skydance Corp. is looking to wrap up a massive $52 billion debt sale to fund its takeover of Warner Bros. Discovery Inc. within the next week, aligning with its compressed timeline to finalize the buyout before facing onerous penalties.
Bloomberg's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Paramount Skydance’s David Ellison has prevailed in his dogged pursuit of Warner Bros. Discovery: He’s won the deal. Now comes the hard part: making the economics of the combined company work, given an extremely high debt load of the combined media company.
Bankers are reaching out to investors ahead of the sale of $49 billion in financing backing Paramount Skydance Corp.’s takeover of Warner Bros. Discovery Inc., after the company settled a series of lawsuits that had held up the $110 billion acquisition.
Paramount Skydance Corp. is looking to wrap up a massive $52 billion debt sale to fund its takeover of Warner Bros. Discovery Inc. within the next week, aligning with its compressed timeline to finalize the buyout before facing onerous penalties.
Paramount Skydance said Thursday it is launching a syndication to raise $7.5 billion through a proposed senior secured incremental tranche of term “B” loans. The David Ellison-led company it will use the funds toward its $111 billion Warner Bros. Discovery merger, and to pay down certain other debt.
Paramount has started syndication for a proposed senior secured term loan of $7.5 billion – a chunk of change it needs to fund the acquisition of Warner Bros. Discovery. It began the process after a legal settlement earlier this week paved the way for the merger to close.
Citigroup Sets Up Paramount Loan Calls as Banks Prepare to Sell Debt | Since Then