Warner Bros Discovery Inc. increased its loan sale for the second time, raising the dollar tranche to a range of $12.5 billion‑$13.75 billion and potentially expanding the euro tranche from €1 billion to €2 billion, aiming to fully replace $15 billion of short‑term financing ahead of its planned acquisition by Paramount Skydance Corp.
The loan is being offered at a discounted price of 99 cents, with repayment at par expected upon completion of the takeover; commitments for both tranches are due the following Wednesday.
JPMorgan Chase & Co. leads the bank syndicate that raised the loan from an initial $10 billion after strong demand prompted a prior increase last week.
Bank of America Corp. and Citigroup Inc. are preparing a separate $50 billion debt package—$30 billion investment‑grade bonds, $12 billion high‑yield bonds and $7.5 billion loans—to support the broader $110 billion consolidation of two major Hollywood media companies.
