secwatch.observer — SEC 8-K summary
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Issuer:     Paramount Skydance Corp (PSKY)
CIK:        0002041610
Form:       8-K
Filed at:   2026-09-28T12:19:48+00:00
Accession:  0001104659-26-111174
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Paramount Skydance launches $44.4B note offerings to fund $78B Warner Bros. Discovery acquisition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2041610/000110465926111174/0001104659-26-111174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2041610/000110465926111174/tm2610616d13_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-111174

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