Paramount Extends Expiration Dates for Tender and Exchange Offers
Paramount Skydance Corporation (NASDAQ: PSKY) has extended the expiration dates of its tender offers and exchange offers until September 18, 2026. These offers pertain to various senior notes issued by Warner Bros. Discovery entities. The extension aims to align with the anticipated closing date of Paramount's acquisition of WBD. As of September 4, approximately 66.28% and 75.31% of eligible tendered and exchange offer notes had been submitted, though these figures may not reflect final results due to ongoing extensions. The offers include multiple series of senior notes with varying maturities from 2028 through 2043. Paramount plans for settlement dates in the third quarter of 2026 but has indicated further delays are possible depending on the acquisition timeline. Investors can withdraw their tenders before the expiration date.
Topics: bond offers corporate finance mergers and acquisitions