Key facts
- Paramount is beginning debt sales for a $49 billion financing package.
- The financing supports Paramount's $110 billion acquisition of Warner Bros. Discovery.
- The transaction proceeded after legal settlements were resolved.
- The debt package includes approximately $30 billion in investment-grade bonds.
- It also includes $7.5 billion in investment-grade loans.
- Roughly $12 billion in subordinated debt is also part of the package.
Paramount has initiated debt sales totaling $49 billion to finance its $110 billion acquisition of Warner Bros. Discovery, according to a report from Jin10 on September 22. The financing package is structured to include approximately $30 billion in investment-grade bonds, $7.5 billion in investment-grade loans, and about $12 billion in subordinated debt. Bank of America, Citigroup, and Apollo Global Management are involved in reaching out to a wide range of U.S. and European investors. The debt sales are set to commence within weeks, following the resolution of state lawsuits that had previously posed a hurdle to the merger.