Anleihen News zur SKYDANCE Aktie

 

Skyfall: Fitch Downgrade Sends Legacy Paramount Bonds To Record Low As Merger Closes Last week, when we documented how Paramount's record bond offering cratered before the ink was dry, we flagged one line from the Bear Traps chat as deserving extra attention: "Paramount's existing unsecured bonds? Primed." Today, with the $110 billion Warner Bros. Discovery takeover officially closed and the combined company (now simply "Skydance", although "Skyfall" is certainly more appropriate) open for business, Fitch made it official. In a rating action timed to the close, Fitch cut Paramount Skydance and WBD's issuer ratings deeper into junk territory, to BB from BB+, citing "materially higher leverage" and "significant execution and integration risks." But the real damage was further down the stack: Paramount's legacy senior unsecured notes were downgraded to BB- with a Recovery Rating of RR5, which in Fitch-speak means expected recovery of just 11% ...

Paramount Skydance Corp.'s $41 billion of US dollar bonds to finance its takeover of Warner Bros. Discovery Inc. sold off to start their first full day of trading....

Spreads on the largest portion of Paramount Skydance Corp.'s $52 billion financing to fund its buyout of Warner Bros. Discovery Inc. tightened as banks prepare to wrap up the long-awaited transaction....

Paramount Skydance Corp. has kicked off its long-awaited investment-grade bond sale, the largest portion of a syndicated $52 billion debt package for its acquisition of Warner Bros. Discovery Inc....

Paramount Skydance Corp is holding investor calls for about $44.4 billion-equivalent of bonds on Monday to fund its acquisition of Warner Bros. Discovery Inc....

WASHINGTON (dpa-AFX) - Paramount Skydance Corp. (PSKY) said it has filed reply briefs requesting the District Court to enforce bond requirements against State Attorneys General and the Writers Gui......

Warner Bros. Discovery Inc. said it won agreement from bondholders to change the terms of some existing debt, bringing the company a step closer to selling itself to Paramount Skydance Corp. in a $110 billion deal....

Bank of America Corp. and Citigroup Inc. are talking to investors about the makeup of the debt package financing Paramount Skydance Corp.'s acquisition of Warner Bros. Discovery Inc., with early conversations including about $30 billion of high-grade bonds, around $12 billion of junk bonds, and $7.5 billion of loans....