secwatch.observer — SEC 8-K summary
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Issuer:     Paramount Skydance Corp (PSKY)
CIK:        0002041610
Form:       8-K
Filed at:   2026-04-09T23:59:59+00:00
Accession:  0001104659-26-041263
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2041610/000110465926041263/0001104659-26-041263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2041610/000110465926041263/tm2610616d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-041263

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