Skydance Overhauls Legacy Warner Bros. Discovery Debt After Acquisition
MT newswire2026/10/07 08:4704:47 AM EDT, 10/07/2026 (MT Newswires) -- Skydance (SKYD) has effectively restructured the bulk of Warner Bros. Discovery's outstanding notes after completing its acquisition, retiring most legacy debt through a combination of tender offers and exchanges, the company said late Tuesday. The company said that about 98.8% of eligible notes were tendered for cash, while 99.2% of eligible notes were tendered in exchange for newly issued Skydance notes. Tendered notes will be purchased and cancelled, and exchanged notes will be replaced with Skydance securities maturing between 2029 and 2052, the company said. Settlement is expected to occur on Friday.
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