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Update: Market Chatter: Bankers Prepare Paramount's $49 Billion Debt Sale to Back Warner Bros. Takeover

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(Update with Paramount's response to a request for comment.)

Bankers are expected to launch a premarketing process as soon as the next couple of weeks to sell $49 billion of debt to back Paramount Skydance's (PSKY) acquisition of Warner Bros. Discovery (WBD), Bloomberg reported Tuesday, citing people familiar with the deal.

Paramount is looking to use bonds and loans to refinance its existing bridge loan into longer-term debt, a critical step in its takeover of Warner Bros., the report said.

Paramount declined to comment to.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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