India, Oct. 1 -- Paramount Skydance Corp. (PSKY) and Warner Bros. Discovery, Inc. (WBD) announced that their proposed merger is expected to close on October 6, subject to customary closing conditions.
Separately, Paramount Skydance announced $41.4 billion and 885 million euros senior secured notes offerings and $8.5 billion and 850 million euros Term Loan B facility pricing.
Paramount Skydance said it intends to utilize the net proceeds of the Notes offerings, together with cash on hand and borrowings to, among other things, finance the purchase of Warner Bros. and the repayment of certain existing debt.
It was in February 2026 that Paramount announced its definitive merger agreement to acquire Warner Bros. in an all-cash transaction val...