Story thread · 3 reports / 2 sources

Paramount rolls out $44 billion bond sale to fund Warner Bros. takeover

economictimes.indiatimes.com · 1hShare

Paramount Skydance Corp. has begun selling more than $44 billion of bonds in US dollars and euros to finance its acquisition of Warner Bros. Discovery Inc., launching the main portion of the year’s largest M&A financing, Bloomberg reported.Bank of America Corp. and Citigroup Inc. are holding investor calls on Monday to discuss an offering of about $32 billion in investment-grade debt and the equivalent of $12.4 billion in junk bonds, according to people familiar with the matter quoted by Bloomberg. The sale is part of a $52 billion financing package that also includes $7.5 billion in loans, which lenders began marketing last week.Paramount plans to offer eight tranches of US dollar-denominated investment-grade bonds with maturities ranging from two to 40 years, sources told Bloomberg.The high-yield portion comprises two euro-denominated tranches maturing in five and eight years, along with three US dollar tranches due in five, eight and 10 years. Initial price discussions for the 10-ye

First report: Paramount Warner Deal Tests Hollywood’s Future — bloomberg.com, 1d