{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-063952","form_type":"8-K","ticker":"PSKY","cik":"0002041610","company_name":"Paramount Skydance Corp","filed_at":"2026-05-19T21:23:45+00:00","discovered_at":"2026-05-19T21:26:26.298032+00:00","generated_at":"2026-05-19T21:28:13.407933+00:00","sec_items":["7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Paramount Skydance launches $2.4B cash tender & $12.8B exchange offers for WBD notes","bullets":["Commenced Tender Offers for up to $2.4B of WBD notes for cash and Exchange Offers for up to $12.8B of WBD notes for new PSKY notes.","Offers conditioned on closing of Paramount's acquisition of WBD and receipt of consents for indenture amendments.","Plans to issue $39.5B first-lien and $12.4B second-lien secured debt to replace bridge commitments; targets net debt/EBITDA below 3.75x by FY2028 and 3.0x by FY2029.","Expects ~30% of over $6B synergies within first year post-close, ~70% by second year, full run-rate by third year.","Provided unaudited pro forma condensed combined financial statements reflecting the acquisition and related transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-063952","json":"https://secwatch.observer/filing/0001104659-26-063952.json","markdown":"https://secwatch.observer/filing/0001104659-26-063952.md","text":"https://secwatch.observer/filing/0001104659-26-063952.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2041610/000110465926063952/0001104659-26-063952-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2041610/000110465926063952/tm2610616d3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T21:28:13.407933+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}