Paramount Skydance Extends Expiration Dates for Debt Tender and Exchange Offers
Paramount Skydance Corporation (NASDAQ: PSKY) has extended the expiration dates of its tender offers and exchange offers related to debt issued by Warner Bros. Discovery, Inc. The new deadline is October 2, 2026, with settlement expected in Q3 2026. The extension aligns these financial transactions with the anticipated closing date of Paramount's proposed acquisition of WBD. As of September 18, approximately 67% and 75% of eligible tendered notes have been submitted for the Tender Offers and Exchange Offers respectively; however, Paramount does not consider this indicative of final results due to ongoing extensions. The offers involve several series of senior notes issued by Discovery Communications, LLC. Holders may still withdraw their tenders before October 2.
Tickers: $PSKY
Topics: debt notes exchange offers tender offers