Paramount Secures $7.5 Billion Loan to Finance Warner Bros. Acquisition

WHO:

Variety - Paramount Skydance is led by David Ellison.

Bloomberg Markets - Citigroup Inc. is involved in setting up loan calls for Paramount.

WHAT:

Deadline - Paramount intends to raise approximately $44.4 billion in total for the acquisition of Warner Bros. Discovery.

Deadline - The syndication process for the $7.5 billion loan began after a legal settlement earlier in the week that allowed the merger to proceed.

NO_NEW_FACTS

Variety - Paramount Skydance is launching a syndication to raise $7.5 billion through a proposed senior secured incremental tranche of term "B" loans.

Variety - The funds will be used toward Paramount's $111 billion merger with Warner Bros. Discovery and to pay down certain other debt.

Bloomberg Markets - Banks are preparing to sell debt to fund Paramount's takeover of Warner Bros. Discovery Inc.

WHERE:

Bloomberg Markets - The loan investor meetings are being held in relation to Paramount Skydance Corp.

WHEN:

Bloomberg Markets - Citigroup will kick off meetings with loan investors on Thursday.

WHY:

Variety - The purpose of raising the $7.5 billion is to finance the Warner Bros. Discovery merger and manage existing debt.

HOW:

Variety - The method of raising funds involves a proposed senior secured incremental tranche of term "B" loans.

(UPDATED September 24, 2026 17:59 UTC)

Paramount is set to raise approximately $44.4 billion for its acquisition of Warner Bros. Discovery, with the syndication process for a $7.5 billion loan already underway. This loan process began following a legal settlement earlier in the week that cleared the way for the merger to move forward. The deadline for these developments is approaching quickly, with significant financial implications on the horizon.

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(UPDATED September 24, 2026 15:00 UTC)

Paramount Skydance, led by David Ellison, is set to launch a syndication to raise $7.5 billion through a proposed senior secured incremental tranche of term "B" loans, which will help finance its $111 billion merger with Warner Bros. Discovery and address existing debt. Citigroup Inc. is facilitating the process by organizing meetings with loan investors, starting on Thursday. Banks are preparing to sell debt to support Paramount's takeover, marking a significant step in this major financial maneuver.