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Paramount aims for $7.5B loan for Warner Bros deal
Paramount Sky Dance announced its plan to borrow $7.5 billion to finance its acquisition of Warner Bros. Discovery. The funding aims to facilitate the deal, which is valued at approximately $110 billion, encompassing film and television studios as well as streaming platforms like Paramount+ and HBO Max. This move follows a legal settlement with a group of U.S. states and the Writers Guild of America, removing a major obstacle to completing the transaction. Once finalized, the company's total debt is expected to reach around $80 billion. The company intends to use the new financing along with existing liquidity to fund the deal and pay down part of its debt, in a substantial financing effort that reflects its expansion and readiness to assume the largest debt load in its history.
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