Oracle co-founder Larry Ellison will provide a personal guarantee of $40.4 billion in equity financing to back Paramount Skydance's all-cash $108.4 billion bid for Warner Bros. Discovery. The guarantee aims to address Warner Bros. board's doubts over Paramount's deal financing and the lack of a full backing from the Ellison family, which had led the company to prefer a cash-and-stock deal with Netflix. Netflix refinanced part of a $59 billion bridge loan with cheaper and longer-term debt, bolstering the financial package underpinning its bid for Warner Bros. Discovery Inc. The streaming giant got a $5 billion revolving credit facility and two $10 billion delayed-draw term loans to refinanc
Oracle co-founder Larry Ellison will provide a personal guarantee of $40.4 billion in equity financing to back Paramount Skydance's all-cash $108.4 billion bid for Warner Bros. Discovery. The guarantee aims to address Warner Bros. board's doubts over Paramount's deal financing and the lack of a full backing from the Ellison family, which had led the company to prefer a cash-and-stock deal with Netflix. Netflix refinanced part of a $59 billion bridge loan with cheaper and longer-term debt, bolstering the financial package underpinning its bid for Warner Bros. Discovery Inc. The streaming giant got a $5 billion revolving credit facility and two $10 billion delayed-draw term loans to refinance part of the bridge facility it took out for its Warner Bros. bid, according to a filing. That leaves $34 billion for syndication. ♬ Hard Beat Work's - Type Beats Trap
