Larry Ellison Risk Exposed by Paramount and Oracle Debt Binges - Bloomberg.com — SkimNews
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- Paramount completed a record bond sale that had a rough opening day, with Paramount Skydance bonds falling on the first trading day after the debt sale
- Larry Ellison saw his risk exposed by debt binges at both Paramount and Oracle, with the Financial Times calling the $110bn leveraged buyout timing bad
Why it matters: Paramount's $110bn LBO bonds fell on their first day of trading, an immediate market rejection of the financing. Bloomberg frames this as exposing Larry Ellison to simultaneous debt obligations at Paramount and Oracle — the same person on the hook at two major companies.
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