---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-041263"
form_type: "8-K"
ticker: "PSKY"
cik: "0002041610"
company_name: "Paramount Skydance Corp"
filed_at: "2026-04-09T23:59:59+00:00"
generated_at: "2026-05-15T06:50:16.651799+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-041263
- form_type: 8-K
- ticker: PSKY
- cik: 0002041610
- company_name: Paramount Skydance Corp
- filed_at: 2026-04-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2041610/000110465926041263/0001104659-26-041263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2041610/000110465926041263/tm2610616d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-041263
- JSON: https://secwatch.observer/filing/0001104659-26-041263.json
- Plain text: https://secwatch.observer/filing/0001104659-26-041263.txt

## Key facts
- Material Agreements
  Paramount Skydance Corp entered into Pro Rata Credit Agreement with Citibank, N.A. as administrative agent and collateral agent, BofA Securities, Inc., Citibank, N.A., Apollo Global Funding, LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners, Bank of America, N.A., as syndication agent, Apollo Global Fun valued at $5.00 billion five-year revolving commitments (effective 2026-04-07).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citibank, N.A. as administrative agent and collateral agent, BofA Securities, Inc., Citibank, N.A., Apollo Global Funding, LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners, Bank of America, N.A., as syndication agent, Apollo Global Fun
  - Value: $5.00 billion five-year revolving commitments
  - Effective: 2026-04-07
  source text: On April 7, 2026, PSKY entered into a Credit Agreement (the “Pro Rata Credit Agreement”) among PSKY, Citibank, N.A. as administrative agent and collateral agent, BofA Securities, Inc., Citibank, N.A., Apollo Global Funding, LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners, Bank of America, N.A., as syndication agent, Apollo Global Funding, LLC, Deutsche Bank AG New York Branch and Wells Fargo Bank, N.A., as documentation agents, and the lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2041610/000110465926041263/0001104659-26-041263-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.