Citigroup Secures $11.5 Billion in Loans for Paramount Acquisition

Citigroup Inc. and other banks have attracted approximately $11.5 billion in investor orders for a loan offering designed to fund the acquisition of Warner Bros. Discovery Inc. by Paramount Skydance Corp. The total loan amount sought for the deal is roughly $7.5 billion.

Investor demand has significantly exceeded the offering. Orders topped $10 billion for the $6.5 billion US dollar portion of the loan, while the $1 billion euro-equivalent tranche attracted approximately €1.35 billion, or $1.5 billion. This high level of interest is expected to facilitate the completion of the syndication process.