PSKY•PSKY•Paramount Skydance extended expiration of its cash tender and note exchange offers for Warner Bros Discovery debt to 5:00 p.m. New York time on July 15, 2026, aligning settlement with the planned acquisition closing. As of June 25, 24.38% of tender notes and 44.27% of exchange notes have been validly tendered.
On June 26, Paramount Skydance extended the expiration date for its cash tender offers and note exchange offers to 5:00 p.m. New York time on July 15, 2026. This extension follows a prior June 12 extension and seeks to align the settlement dates with the closing of its proposed acquisition of Warner Bros Discovery.
As of 5:00 p.m. on June 25, approximately 24.38% of the aggregate principal amount of Existing Tender Offer Notes and 44.27% of Existing Exchange Offer Notes have been validly tendered. Holders retain the right to withdraw their tenders at any time prior to the new expiration date.
Settlement for both the Tender Offers and Exchange Offers is anticipated to occur promptly after the July 15 expiration and is currently expected in the third quarter of 2026. Paramount intends to extend the offers further if needed to coincide with the acquisition closing or within one business day thereafter.
The Offers cover multiple series of senior notes issued by Discovery Global Holdings and Discovery Communications, with eligible principal amounts ranging from $3.16 million (5.200% due 2047) to $4.10 billion (5.050% due 2042), as well as euro-denominated notes totaling €234.38 million to €316.64 million across various maturities.
