Paramount Skydance begins syndication to raise $7.5 billion in new debt, using a proposed senior secured incremental tranche of term “B” loans. The company says the funds are intended to support its financing package for the planned Warner Bros. Discovery merger and related obligations.
Both outlets link the timing to progress toward closing the transaction. Deadline reports the syndication starts after a legal settlement earlier in the week enables the merger to move forward. Variety similarly describes the debt raise as part of the broader funding plan for Paramount’s $111 billion deal with Warner Bros. Discovery, including using proceeds to help pay down certain other debt alongside the acquisition funding.
