WBD refinances $15B bridge loan with $13B + €1.7B 7-year term facility

Filed June 4, 2026 · Period ending June 4, 2026 · ~1 min read

Key Changes

• high

  Subsidiary borrowed $13B + €1.7B in 7-year term loans to fully repay $15B bridge loan from 2025 acquisition financing, converting short-term debt to permanent structure maturing June 2033.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Credit agreement includes change-of-control provisions that could trigger immediate repayment if pending Paramount Skydance acquisition closes, requiring refinancing or cash reserves.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Dollar loans priced at Term SOFR + 2.50% or Base Rate + 1.50%; euro loans at EURIBOR + 2.50%. Dollar tranche requires 1% annual amortization paid quarterly.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →