Paramount Skydance Prices $41.4B Notes and $8.5B Term Loan for WBD Merger
PSKY sits 37% above its 52-week low of $7.62 on elevated volume (2.1× avg).
Summary
Paramount Skydance priced $41.4 billion and €885 million of senior secured notes, plus an $8.5 billion and €850 million Term Loan B facility, to fund its $110 billion Warner Bros. Discovery acquisition. This follows the September 28 8-K that launched a $44.4 billion notes offering and the September 30 consent decree resolving the multi-state antitrust suit. The pricing locks in financing terms ahead of the anticipated closing, reducing uncertainty around the deal's capital structure. The upcoming 2-for-1 stock split effective October 5, 2026, will adjust share counts but not the debt amounts. Watch for the merger closing date and any further financing tranches.
At the time of this announcement, PSKY was trading at $10.41 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $11.6B. The 52-week trading range was $7.62 to $20.09. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: PR Newswire.