The loans are part of a total $52 billion syndicated debt package that Paramount has now launched in the market. The issuance includes $32 billion in first-lien investment-grade bonds, marking the fifth-largest US high-grade sale in history, and $12.4 billion in second-lien high-yield bonds. The new debt structure places Paramount's existing unsecured bondholders at the back of the payment priority line.
Tuesday, October 20, 2026
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Paramount Launches $52B Debt Package with 5th Largest US Bond Sale
Business21 days ago
Banks led by Citigroup have attracted sufficient investor interest to syndicate $7.5 billion in loans for Paramount's purchase of Warner Bros. This loan syndication represents the first secured component of a broader financing effort to fund the media merger.
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