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Skydance closed its purchase of Warner Bros. Discovery on 6 October and filed the bond schedule the same day. Multiply each principal by its coupon and the fixed-rate notes cost $3.22bn a year. Warner's and Paramount's film studios earned $132m between them in the most recent quarter either reported.
Paramount Skydance will distribute about 470 million warrants with a floor exercise price of $12.00. Its shares closed at $10.28 on Monday. The same filing says the timing of the Warner Bros. Discovery merger, 'if any', is not yet certain.
Paramount Skydance closed at $10.18 on Thursday. The equity syndicate funding the Warner Bros. Discovery takeover pays no less than $12.00, a gap of about $7.1bn across the full $46.95bn commitment. Elon Musk is one of the names discussed for it.