The market deterioration follows Skydance's $110 billion acquisition of Warner Bros., which has prompted bondholders to question the company's future profitability. Investors are increasingly concerned that the economics of the deal are deteriorating, leading to higher credit protection costs as the company attempts to integrate the new assets.
Tuesday, October 20, 2026
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Skydance Bonds Fall Most Since Pandemic After $110B Warner Bros Deal
Business6 days ago
Investors on Tuesday increased the cost of insuring Skydance debt against default while driving down bond prices across the firm's portfolio. A selloff in high-grade bonds issued on Sept. 30 has left new debt trailing the broader market by the largest margin since the Covid-19 pandemic, JPMorgan Chase & Co. reported. Additionally, the company's 2036 junk bond has lost about 9% of its principal market value since that issuance date.
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