Market Chatter: Citigroup to Start Loan Investor Meetings for Paramount Skydance

MT Newswires Live09-24 06:54

Citigroup (C) will kick off loan investor meetings Thursday for Paramount Skydance Corp. (PSKY) as banks prepare to sell debt funding its takeover of Warner Bros. Discovery (WBD), Bloomberg reported Wednesday, citing a person familiar with the matter.

The meetings will begin at 10:30 a.m. New York time, according to the person, the report said.

Citigroup, Bank of America and Apollo Global Management underwrote the debt package earlier this year, according to the report.

Citigroup, Paramount and Warner Bros. did not immediately respond to requests for comment from MT Newswires.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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