Paramount Skydance Secures Permanent Financing for WBD Acquisition, Reducing Bridge Facility by $5B to $49B
Paramount Skydance Corporation (PSKY) has successfully completed the syndication of its bridge facility and secured permanent financing for its pending acquisition of Warner Bros. Discovery, Inc. This strategic move reflects strong support from eighteen lenders, comprising relationship banks and institutional lenders. The new financing arrangements, including a two-tranche senior secured term loan and a senior secured revolving credit facility, significantly de-risk the acquisition's funding structure. As a result, PSKY has reduced its aggregate bridge facility commitments by $5.00 billion, from $54.00 billion to $49.00 billion, and increased its existing senior unsecured revolving credit facility by $1.50 billion to $5.00 billion.
Key Highlights
- PSKY successfully syndicated its bridge facility and entered into permanent financing for the Warner Bros. Discovery acquisition on April 7, 2026.
- The aggregate commitments under the bridge facility were reduced by $5.00 billion, from $54.00 billion to $49.00 billion.
- Previously disclosed commitments for a $3.50 billion revolving facility were reduced to $0.00, replaced by new permanent financing.
- PSKY amended its existing senior unsecured revolving credit facility, increasing committed liquidity from $3.50 billion to $5.00 billion.
- The financing reflects strong support from a group of eighteen lenders, including PSKY’s relationship banks and institutional lenders.
- Permanent financing includes a two-tranche senior secured term loan facility and a senior secured revolving credit facility.