Paramount Skydance (PSKY) said Thursday it launched syndication for a proposed $7.5 billion senior secured incremental tranche of term B loans, subject to market conditions.
The company also said it plans to raise about $44.4 billion of additional secured debt.
Net proceeds from these borrowings would help fund its proposed acquisition of Warner Bros. Discovery (WBD) and repay certain debt, Paramount said.
Shares of Paramount Skydance were up 1.6% in early Thursday trading.
Price: $10.12, Change: $+0.16, Percent Change: +1.61%