---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-113913"
form_type: "8-K"
ticker: "PSKY"
cik: "0002041610"
company_name: "Paramount Skydance Corp"
filed_at: "2026-10-06T13:08:38+00:00"
generated_at: "2026-10-12T16:30:09.170744+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001104659-26-113913
- form_type: 8-K
- ticker: PSKY
- cik: 0002041610
- company_name: Paramount Skydance Corp
- filed_at: 2026-10-06T13:08:38+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 3.02, 5.02, 5.03, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2041610/000110465926113913/0001104659-26-113913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2041610/000110465926113913/tm2626659d7_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-113913
- JSON: https://secwatch.observer/filing/0001104659-26-113913.json
- Plain text: https://secwatch.observer/filing/0001104659-26-113913.txt

## Key facts
- Executive change
  Andrew Brandon-Gordon was appointed as President at Paramount Skydance Corp.
  - Action: appointed
  - Role: President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2041610/000110465926113913/0001104659-26-113913-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.