secwatch.observer — SEC 8-K summary
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Issuer:     Paramount Skydance Corp (PSKY)
CIK:        0002041610
Form:       8-K
Filed at:   2026-07-31T20:27:36+00:00
Accession:  0001104659-26-089245
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paramount Skydance files pro forma for $77.8B WBD buy; $31/share cash, $46.7B equity financing
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2041610/000110465926089245/0001104659-26-089245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2041610/000110465926089245/tm2610616d8_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-089245

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