{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-111174","form_type":"8-K","ticker":"PSKY","cik":"0002041610","company_name":"Paramount Skydance Corp","filed_at":"2026-09-28T12:19:48+00:00","discovered_at":"2026-09-28T12:20:38.539143+00:00","generated_at":"2026-10-12T13:31:28.746164+00:00","sec_items":["7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Paramount Skydance launches $44.4B note offerings to fund $78B Warner Bros. Discovery acquisition","bullets":["Paramount Skydance intends to offer approx. $44.4B of USD senior secured first lien and USD/euro senior secured second lien notes; proceeds fund the WBD purchase and repay existing debt.","WBD holders get $31.00/share cash plus Ticking Consideration of $0.00277778/day after Sept 30, 2026, capped at $0.25 per 90 days; total consideration estimated at $78.0B.","Merger agreement signed Feb 27, 2026; pro forma assumes an Oct 6, 2026 close, with about $1.1B more for vested WBD equity awards.","Equity package: up to $46.7B from Lawrence J. Ellison Revocable Trust affiliates plus $250M from RedBird Capital Fund IV; PIPE priced at 20-day VWAP, floor $12.00, ceiling $16.02 per share.","Equity syndication allocated across affiliates of the Equity Investors, The Public Investment Fund, Abu Dhabi's L'Imad 1st SPV 2, Qatar's QIA TMT Holding and LionTree Investment Fund."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-111174","json":"https://secwatch.observer/filing/0001104659-26-111174.json","markdown":"https://secwatch.observer/filing/0001104659-26-111174.md","text":"https://secwatch.observer/filing/0001104659-26-111174.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2041610/000110465926111174/0001104659-26-111174-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2041610/000110465926111174/tm2610616d13_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:31:28.746164+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"}