Paramount Skydance Corp. has begun selling more than $44 billion of bonds in US dollars and euros to finance its acquisition of Warner Bros. Discovery Inc., launching the main portion of the year’s largest M&A financing, Bloomberg reported.
Bank of America Corp. and Citigroup Inc. are holding investor calls on Monday to discuss an offering of about $32 billion in investment-grade debt and the equivalent of $12.4 billion in junk bonds, according to people familiar with the matter quoted by Bloomberg. The sale is part of a $52 billion financing package that also includes $7.5 billion in loans, which lenders began marketing last week.
