Warner Bros. prices $15B loan deal ahead of Paramount Skydance deal
8 Articles
8 Articles
Warner Bros. Discovery secured a $15 billion loan as part of the debt refinancing process before concluding the pending acquisition of Paramount Skydance Corp., in one of the largest financial operations in the media this year. According to information published by Bloomberg, the company placed loans with an investment grade of $13 billion and an additional $1,720 million, equivalent to about $2 billion. The transactions were issued at 99.75 cen…
Warner Bros. Discovery has set the final terms of a $15 billion loan package, while the company refinances its debt prior to its planned acquisition by Paramount Skydance.The transaction includes two tranches with investment grade: one of $13 billion and another of $1.72 billion, equivalent to about $2 billion, according to a person familiar with the issue that asked not to be identified. Both are issued with a margin of 2.5 percentage points on…
Filing: David Ellison made a verbal commitment to ratings agencies to provide a capital backstop to manage Paramount's $50B debt after the merger with WBD (Davide Barbuscia/Bloomberg)
Davide Barbuscia / Bloomberg: Filing: David Ellison made a verbal commitment to ratings agencies to provide a capital backstop to manage Paramount's $50B debt after the merger with WBD — It began as a concession in private conversations to assuage wary credit analysts looking at Paramount Skydance Corp.'s blockbuster takeover …
Votes on whether to change bond terms were due on May 26, compared to the June 17 deadline for selling or exchanging bonds
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