business π° Paramount needs $7.5B more for Warner Bros. deal
Paramount Skydance announced it is launching a syndication to raise $7.5 billion via new term loans. This funding is earmarked for the $111 billion Warner Bros. Discovery merger and for paying down existing debt. Paramount now plans to secure roughly $44.4 billion in extra secured debt overall. The merger is nearing completion after settling an antitrust lawsuit with 12 state attorneys general. The deal is expected to close in about two weeks, pending a judge's approval.