Paramount’s $52 Billion Debt Saga Ends With Hair-Raising Finale - Bloomberg.com — SkimNews
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- Paramount closed a $52 billion debt saga with a record bond sale that the Financial Times said was poorly timed against a $110 billion leveraged buyout.
- Paramount Skydance bonds fell on their first trading day after the debt sale, which Yahoo Finance and Bloomberg characterized as a rough opening for the deal.
Why it matters: A record-sized bond deal stumbling on day one is a concrete market signal that investors pushed back on the price or timing of Paramount's $110 billion leveraged buyout financing, raising the cost of the transaction for the company.
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