topstockalerts
Sep 30, 1:44 AM
Banks led by Citigroup have attracted more than
$10 billion in investor orders for a leveraged-loan offering supporting Paramount Skydance’s acquisition of Warner Bros. Discovery. The demand covers a
$6.5 billion loan tranche, while a €1 billion tranche has drawn roughly €1.35 billion in orders, according to people familiar with the matter.
Lenders are reportedly considering moving up the investor commitment deadline, currently scheduled for Wednesday, as demand exceeds the amount being offered. The loans are part of a
$52 billion financing package for the transaction, the largest M&A financing package of 2026, which also includes
$32 billion of investment-grade debt and the equivalent of
$12.4 billion in high-yield bonds.
Citigroup, Bank of America and Apollo Global Management arranged the financing earlier this year. The leveraged loans are being offered at spreads of up to 3 percentage points over benchmark rates and at 99.5 cents on the dollar.
$C $BAC $APO $PSKY $WBD
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