Paramount Bondholders Flood Wall Street Over Losses — SkimNews
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- Paramount funded its Warner Bros deal through a jumbo bond sale that carried high borrowing costs, per Financial Times.
- Angry bondholders flooded Wall Street with complaints over losses tied to Paramount's bond issuance, according to Bloomberg.
Why it matters: Paramount's jumbo bond sale illustrates how elevated bond yields are squeezing both issuers and investors in corporate America — bondholders who bought the deal are sitting on losses as prices fall, while Paramount itself paid high borrowing costs to fund the Warner Bros transaction.
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