{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-089245","form_type":"8-K","ticker":"PSKY","cik":"0002041610","company_name":"Paramount Skydance Corp","filed_at":"2026-07-31T20:27:36+00:00","discovered_at":"2026-07-31T20:29:00.336043+00:00","generated_at":"2026-07-31T20:29:22.212263+00:00","sec_items":["9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Paramount Skydance files pro forma for $77.8B WBD buy; $31/share cash, $46.7B equity financing","bullets":["Total cash consideration for WBD shareholders: $77.8B ($31.00/share) plus ticking consideration up to $0.25/90 days.","Equity financing of $46.7B from Ellison trust and $250M from RedBird, syndicated to PIF, QIA, LionTree, and others.","Debt financing includes $5B Pro Rata Credit Agreement ($2.5B Term A-1, $2.5B Term A-2, $5B revolver) and $49B bridge facility, to be replaced by up to $51.9B New Permanent Financing.","Pro forma financials assume acquisition closes before Sept 30, 2026; no ticking consideration included.","Warrants issued to existing Paramount Class B holders: one 10-year warrant per share, exercise price at Syndication Purchase Price (floor $12, ceiling $16.02)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-089245","json":"https://secwatch.observer/filing/0001104659-26-089245.json","markdown":"https://secwatch.observer/filing/0001104659-26-089245.md","text":"https://secwatch.observer/filing/0001104659-26-089245.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2041610/000110465926089245/0001104659-26-089245-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2041610/000110465926089245/tm2610616d8_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-31T20:29:22.212263+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"}