Paramount Skydance Restructures Debt Financing for Warner Bros. Discovery Deal

Paramount Skydance has restructured debt financing for its $111 billion acquisition of Warner Bros. Discovery. The company reduced long-term debt commitments from $54 billion to $49 billion and increased liquidity to $5 billion before the merger. Approval from Warner Bros. Discovery shareholders is pending, with a vote scheduled for April 23.

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Summary by Glance · Original reporting by Variety