Paramount Skydance prices $39.65 billion, €885 million senior secured notes offering
PSKY•Paramount Skydance priced senior secured notes, with total issuance reported at $41.4 billion plus an €885 million tranche. Proceeds are earmarked for its planned Warner Bros. Discovery acquisition, and the offering is expected to close Oct. 5, 2026, subject to customary conditions.
1. Notes to fund acquisition
Paramount Skydance priced $30 billion in senior secured first-lien notes across eight maturities from 2028 to 2066, and $11.4 billion in second-lien notes, plus an €885 million tranche due 2031. The brief says total notes issuance reached $41.4 billion, with proceeds earmarked to fund the planned Warner Bros. Discovery acquisition. Closing is expected Oct. 5, 2026, subject to customary conditions.
