Paramount Skydance Extends Debt Exchange and Tender Offers to September 18

M&A · PartnershipCorporate Action

โดย PR Newswire·

Summary · why it matters

Paramount Skydance Corporation has extended the expiration dates for its previously announced exchange offers and tender offers to 5:00 p.m. New York City time on September 18, 2026, unless further extended. The offers involve the purchase or exchange of notes issued by Discovery Global Holdings, Inc. and Discovery Communications, LLC, which are part of Warner Bros. Discovery, Inc., for new notes to be issued by Paramount. Paramount anticipates further extensions to align settlement with the closing of its proposed acquisition of Warner Bros. Discovery. As of September 4, 2026, approximately 66.28% of the aggregate principal amount of notes eligible for the tender offers and 75.31% for the exchange offers had been validly tendered, though Paramount notes these figures may not reflect final results. The offers are being made only to qualified institutional buyers and non-U.S. persons, with BofA Securities and Citigroup serving as dealer managers.