Paramount Skydance Restructures Debt Financing for Warner Bros. Discovery Deal
by OverPotato2322
Paramount Skydance Restructures Debt Financing for Warner Bros. Discovery Deal
by OverPotato2322
3 Comments
If the deal goes through, Paramounts Plan is basically to devalue Warner, saddle both companies with debt then sell it off to a PE firm or someone else to deal with the mess (rinse and repeat, with the AI bubble the process could be alot faster because Oracle is investing heavily into AI, which means the Ellisons will lose money so Warner would’ve been better off at their original plan to spin-off cable and stay independent than risk another failed merger because the guys running Paramount have no clue what their doing, they haven’t even gotten to rebuilding Paramount yet and I’m pretty sure scale is not a valid excuse because both Netflix and Sony have gotten things done even though they dont have much IPs to work with)
> Per the filing, on April 7, Paramount entered into a credit agreement with Citibank as administrative agent and collateral agent; BofA Securities, Citibank, Apollo Global Funding, Deutsche Bank Securities and Wells Fargo Securities as joint lead arrangers and joint bookrunners; Bank of America as syndication agent; Apollo Global Funding, Deutsche Bank New York Branch and Wells Fargo Bank as documentation agents; and “the lenders party thereto.”
These are the pieces of shit who, alongside the three Arab sovereign funds, are accomplices in David Ellison’s plot to takeover, and presumably murder, Warner Bros. (All for the estate.) Remember that, should any of them ever decided to ask you for your business.
(Note: Apollo also own Legendary now. While I’m not demanding you boycott *Dune 3* or any specific productions, do keep that in mind.)
So, what I’ve learned from this whole ordeal is that I, too, can buy something worth billions of dollars as long as I get every petro state and a ton of major banks on board to help me out. Sounds very financially stable and not at all illegal.