Citigroup Will Start Paramount Skydance Debt Meetings
Investors will review terms for the debt sale funding the acquisition of Warner Bros. Discovery Inc.
Updated on Sept. 24, 2026 in Corporate Finance
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Citigroup Inc. has scheduled investor meetings for September 24, 2026, to discuss the issuance of debt for Paramount Skydance Corp. The debt sale will support the acquisition of Warner Bros. Discovery Inc.
Why it matters
This financing event marks a critical milestone in the consolidation of media assets as the market anticipates the scale of debt required to complete the acquisition. The terms presented at these meetings will signal current investor appetite for large-scale corporate debt in the media sector.
Citigroup Inc. will host investor meetings beginning at 10:30 a.m. ET on September 24, 2026. These meetings are intended to solicit capital for the Paramount Skydance Corp. acquisition of Warner Bros. Discovery Inc.
The players
Citigroup Inc.
A global financial services firm that provides corporate and investment banking, acting here as the arranger for debt issuance.
Paramount Skydance Corp.
A newly formed media entity currently executing a strategy of industry consolidation through the acquisition of large-scale assets.
Warner Bros. Discovery Inc.
A multinational mass media and entertainment conglomerate serving as the target for the ongoing acquisition process.
The details
Citigroup Inc. is acting as the lead organizer to structure the debt package for the upcoming takeover. The bank will present specific terms to loan investors to secure funding for the transaction, effectively gauging demand before the debt is formally placed. This process is a standard precursor to large corporate acquisitions, allowing the issuer to lock in pricing based on institutional interest.
Timeline
September 24, 2026: Citigroup begins investor meetings for Paramount Skydance debt.
10:30 a.m. ET: The scheduled start time for the investor meetings in New York.
Market Landscape
This debt sale follows the pattern of aggressive leverage utilization set during the 2022 Warner Bros. Discovery merger. It highlights the continued appetite for media industry consolidation despite current debt market conditions.
Operators in the media and technology sectors should track the finalized interest rate on this debt as a benchmark for the cost of capital in large-scale industry roll-ups. High leverage costs in these deals often lead to future operational efficiency mandates and budget cuts within acquired subsidiaries.
The takeaway
The move by Citigroup signals that Paramount Skydance Corp. is moving toward the final stages of its capital raise for the Warner Bros. Discovery Inc. deal. Interested parties should monitor the debt markets over the coming days for signals on final pricing, which will impact future media industry deal valuations.
Further reading
For more on how major acquisition financing is structured, see our coverage of Corporate Finance.
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