secwatch.observer — SEC 8-K summary
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Issuer:     Paramount Skydance Corp (PSKY)
CIK:        0002041610
Form:       8-K
Filed at:   2026-10-06T13:08:38+00:00
Accession:  0001104659-26-113913
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 1.02, 2.01, 2.03, 3.02, 5.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2041610/000110465926113913/0001104659-26-113913-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2041610/000110465926113913/tm2626659d7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-113913

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