Skydance closes WBD merger at $31.00/share cash; issues $41.4B notes, ticker changes to SKYD

Paramount Skydance Corp

WBD shareholders received $31.00/share cash plus ticking consideration of $0.00277778/day after Sept 30, 2026; aggregate ticking payment $41,886,975.78.
Skydance issued $41.4B senior secured notes: $30.0B first lien (6.300%-8.900%) and $11.4B second lien (8.250%-9.125%), plus €885M 7.000% Euro second lien notes due 2031.
New $8.5B dollar and €850M Euro seven-year Term B-1 loans funded at close; $49.00B bridge commitments reduced to $0 and terminated.
Class B common stock moved from Nasdaq to NYSE; ticker changed from 'PSKY' to 'SKYD' on Oct 6, 2026; PIPE investors received shares and signed 180-day lock-up.
Net proceeds from notes, Term B-1 loans and PIPE cash financed the Merger and repaid all loans under the Jan 23, 2020 Amended and Restated Credit Agreement (JPMorgan agent).

item 1.01 item 1.02 item 2.01 item 2.03 item 3.02 item 5.02 item 5.03 item 5.07 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Andrew Brandon-Gordon

President

PSKY · Paramount Skydance Corp

Effective: 2026-10-06
Filed: October 6, 2026, 9:08 AM ET

On October 5, 2026, the board of directors of the Company (the “Board”) appointed Andrew Brandon-Gordon as the Company’s President, effective as of the Closing. Mr. Brandon-Gordon will continue to serve as a member of the Board. Prior to the Closing, Mr. Brandon-Gordon served as the Company’s Chief Strategy Officer and Chief Operating Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Brandon-Gordon was appointed as President at Paramount Skydance Corp.

Action: appointed
Role: President

Exact text from the filing

On October 5, 2026, the board of directors of the Company (the “Board”) appointed Andrew Brandon-Gordon as the Company’s President, effective as of the Closing. Mr. Brandon-Gordon will continue to serve as a member of the Board. Prior to the Closing, Mr. Brandon-Gordon served as the Company’s Chief Strategy Officer and Chief Operating Officer.

View on SEC.gov

Paramount Skydance Corp filing history →

Source: SEC EDGAR

accession 0001104659-26-113913

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.