Paramount SkyDance (NASDAQ:PSKY) has arranged permanent financing for its acquisition of Warner Bros Discovery (NASDAQ:WBD), lowering its debt commitments from $54 billion to $49 billion, according to regulatory filings on Thursday.
The financing was secured from a consortium of 18 banks, which syndicated its bridge loan and finalized $5 billion in senior term loans and a $5 billion revolving credit facility, while dropping a separate $3.5 billion credit line.
The loans are secured by a first-priority claim on all assets, including Paramount Global, Skydance Media, and Warner Bros., after the merger closes.
The deal’s financing is set to be one of the largest debt packages this year, with the combined company …
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