David Ellison: Skydance Can Pay Down Debt While Still Growing
Dow Jones10-08 23:29
1129 ET - David Ellison sees multiple pathways to pay down the significant debt Skydance currently carries. "One is to grow the business," Ellison says in an interview with CNBC on Thursday. "We're going to be investing more in content than any of our peers." At the same time, Ellison says there are billions of dollars in cost synergies that will emerge throughout the integration process. Over the same period, free cash flow is expected to grow. "We are absolutely in a position where we can grow the business and delever simultaneously," Ellison says.
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