Market Chatter: Paramount Skydance Debt Spreads Tighten on $52 Billion Warner Bros. Discovery Buyout Financing

11:39 AM EDT, 09/30/2026 (MT Newswires) -- Paramount Skydance (PSKY) saw bond yield spreads narrow on the largest segment of its $52 billion debt package funding its buyout of Warner Bros. Discovery (WBD), Bloomberg News reported Wednesday, citing sources familiar with the matter. The yield premiums over Treasuries shrank across all eight tranches of the proposed high-grade bonds, with the 2066 note narrowing by about 0.35 percentage point to 3.3 percentage points above the benchmark, according to the report. Investors submitted more than $109 billion in orders for the investment-grade offering, representing 3.6 times the $30 billion expected to be sold after a portion of the funding was shifted to loans, the media outlet reported. Paramount Skydance and Warner Bros. Discovery did not immediately respond to MT Newswires' requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 10.13, Change: +0.14, Percent Change: +1.35