Paramount extends debt tender, exchange offers to Oct. 2

Paramount Skydance Corporation has extended the dates for its tender and exchange offers related to notes issued by Discovery Global Holdings, Inc. and Discovery Communications, LLC. The new deadline for these offers is October 2, 2026, with settlement expected in the third quarter of 2026. The company aims to further extend the expiration date until the settlement aligns with the closing date of its planned acquisition of Warner Bros.

Discovery, Inc. The offers include cash tender options for certain notes and an exchange for new notes from Paramount. Multiple series of notes with differing maturity dates from 2027 to 2052 were covered by the offers. As of September 18, 66.87% of the aggregate principal amount of the tender offer notes and 75.12% of the exchange offer notes had been validly tendered by the deadline.

This extension follows several previous extensions announced throughout June, July, August, and September 2026. Tenders can be withdrawn at any time before the expiration date, and each offer is independent and may be individually consummated, amended, extended, terminated, or withdrawn by Paramount at its discretion. BofA Securities and Citigroup are managing the offers, while Global Bondholder Services Corporation serves as the exchange and information agent.