No connection

Search Results

Corporate Score 65 Neutral

Paramount-Skydance Merger: Bridge Loan Syndicated as Debt Total Adjusted to $49 Billion

Apr 09, 2026 13:00 UTC
PARA, WBD
Medium term

Bank of America and Citigroup have expanded the lender group for the financing of Paramount Skydance's acquisition of Warner Bros. Discovery. The total bridge loan amount has been revised downward from $54 billion to $49 billion.

  • Bridge loan size revised to $49 billion
  • Lender group expanded to 18 institutions
  • Initial $54 billion sizing reduced
  • Separate $3.5 billion credit facility eliminated
  • Lead financing provided by BofA, Citigroup, and Apollo Global Management

A consortium of 18 lenders has now participated in the bridge loan financing supporting Paramount Skydance Corp.’s acquisition of Warner Bros. Discovery Inc. The syndication process, led by Bank of America and Citigroup, marks a critical step in finalizing the funding for one of the year's most substantial media mergers. According to a recent filing, the total debt size was adjusted to $49 billion, a decrease from the initial $54 billion sizing. Furthermore, the filing indicates that a separate $3.5 billion one-year credit facility has been dropped from the financing arrangement. The initial financing was spearheaded by Bank of America, Citigroup, and Apollo Global Management Inc. before being sold down to the wider group of lenders to distribute the risk associated with the massive debt load. The successful syndication of this debt reduces the concentration risk for the lead banks and signals broad institutional appetite for the financing of the combined media entity. This move provides the necessary liquidity to move forward with the takeover of Warner Bros. Discovery.

Sign up free to read the full analysis

Create a free account to unlock full AI-curated market articles, personalized alerts, and more.

Create Free Account Already have an account? Sign In
Share this article

Related Articles

Score 28 Bearish

Oriental Rise Holdings ineligible for grace period following reverse split; receives Nasdaq delisting notice

Apr 21, 06:59

Score 52 Bullish

OCBC Expands Digital Asset Strategy with Tokenized Gold Fund Launch

Apr 21, 06:41

Score 72

Apple Names Hardware Chief John Ternus as Next CEO Amid AI Strategic Pivot

Apr 21, 06:40

Score 32 Bullish

NuScale Power Eyes Narrative Shift Ahead of Key June Presentation

Apr 21, 06:25

Stay Ahead of the Markets

Join thousands of traders using AI-powered market intelligence. Get personalized insights, real-time alerts, and advanced analysis tools.

Get Started Free View Plans
Features Terminal AI Assistant Analysis Market News Pricing
Start Trading with AI Already have an account? Sign In
Home
Terminal
AI
Markets
Profile