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Paramount Fundamentally Hard Story to Invest In: Lloyd

Source: Bloomberg

M&A & RestructuringCredit & Bond MarketsMedia & Entertainment

Paramount Skydance issued $52 billion of debt to finance what Bloomberg describes as the largest Hollywood buyout ever. The transaction is a major media-sector M&A financing event and places substantial new corporate debt into credit markets, with implications for leveraged-finance demand and the issuer's future balance-sheet risk.

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