Paramount Extends Expiration Date for Exchange, Tender Offers

Dow Jones04:49

Paramount again pushed out the expiration dates for its offers to buy or exchange debt from Warner Bros. Discovery bondholders.

The exchange and tender offers now expire on July 22, Paramount said Monday, marking the third time the company has postponed the expiration date for the offers. Paramount said it plans to keep extending the expiration date to align with the closing of its planned acquisition of Warner.

Under the offers, bondholders can sell Warner bonds to Paramount for cash, or exchange them for newly issued notes from Paramount.

As of July 10, about 28% and 47% of the existing tender offer notes and existing exchange offer notes, respectively, had been validly tendered in the applicable offers. Paramount said it does not view those figures as final, given it expects to extend the offers to line up with the close of its deal for Warner.

The extension comes the same day as a hurdle popped up for Paramount's $81 billion acquisition of Warner. A coalition of 12 states sued to block the deal in a lawsuit filed earlier Monday, alleging the combination would hurt competition.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 13, 2026 16:49 ET (20:49 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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