Paramount Skydance Tightens Pricing on $30 Billion Bond Sale

Paramount Skydance Corp. tightened the pricing on a $30 billion high-grade bond sale as part of a larger $52 billion financing package. The capital is intended to fund the company's buyout of Warner Bros. Discovery Inc.

The yield premium over Treasuries narrowed across all eight tranches of the deal. For the longest maturity security, which is due in 2066, the pricing tightened by approximately 0.35 percentage point to 3.3 percentage points above the benchmark.