Market News / Story
Warner Bros. Discovery Adds Guarantees to SKYD Notes, Retires Legacy Credit Facilities Post-Merger
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Warner Bros. Discovery executed multiple financing actions tied to the SKYD merger, adding subsidiary guarantees to SKYD notes and guaranteeing SKYD’s amended credit facility. Concurrently, the company repaid and terminated two legacy credit agreements to simplify the post-merger capital structure. Deutsche Bank Trust Company Americas serves as trustee for the guaranteed notes, while Citibank acts as administrative and collateral agent on the SKYD facility. The moves…