Warner Bros. Discovery secures $10.2 billion in leveraged loans to refinance debt ahead of its merger with Paramount Skydance.
A JPMorgan Chase-led consortium increased a leveraged loan for Warner Bros. Discovery to $10.2 billion. The funds aim to refinance short-term debt as the company prepares for its acquisition by Paramount Skydance.
The loan expansion follows Warner Bros. Discovery’s efforts to stabilize its balance sheet amid ongoing media sector consolidation. Prior debt levels and market conditions were not disclosed, but the move signals confidence in the pending deal.
No immediate market reaction was reported, though the refinancing could ease liquidity concerns ahead of the transaction.