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Warner Bros./Paramount Skydance deal spawns $15B leveraged loan, largest since Global Financial Crisis
Warner Bros. Discovery (WBD) this week wrapped its $15 billion-equivalent cross-border term loan B financing, a record-setting deal for transaction size in the leveraged loan market.
Source excerpt retained from 2026-10-10.
Summary
Warner Bros. Discovery (WBD) this week wrapped its $15 billion-equivalent cross-border term loan B financing, a record-setting deal for transaction size in the leveraged loan market. WBD goes into the record books as the second-largest TLB syndication of all time, trailing only the $16.45 billion TXU deal in 2007. For additional context, there have only been three USD institutional loan deals ever totaling $10 billion or more, and two of those were before the Global Financial Crisis.
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