Paramount Markets $44.4B Debt Offering to Fund Warner Bros. Discovery Merger

Key Facts

1Paramount began marketing a massive $44.4 billion debt offering to fund its acquisition of Warner Bros. Discovery.

2The company stated in an SEC filing that the actual closing date of the acquisition remains uncertain.

Paramount began marketing a massive $44.4 billion debt offering to fund its acquisition of Warner Bros. Discovery. Deadline reported that the company is issuing senior secured notes to provide the necessary capital as the merger nears its final regulatory hurdle.

The company stated in an SEC filing that the actual closing date of the acquisition remains uncertain. Amid these financing efforts, WBD closed at $30.86 on September 25, 2026, having traded between a low of $30.8 and a high of $30.87 during that session.