Paramount Skydance closes $10B credit facility for WBD merger; President Jeffrey Shell departs

Paramount Skydance Corp

Entered $10B senior secured credit facility: $2.5B 3yr term A-1, $2.5B 5yr term A-2, $5B revolving credit.
Bridge facility commitments reduced from $54B to $49B; existing $3.5B revolver increased to $5B via Amendment No. 7.
President Jeffrey Shell ceased as employee and board member effective April 8, 2026; receives base salary, target bonus over 12 months, accelerated RSU vesting, and benefits.
New facilities will fund the pending acquisition of Warner Bros. Discovery and general corporate purposes.

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