Paramount Extends Expiration Dates for WBD Offerings
News related to:Paramount Skydance Corporation · 2 min read
LOS ANGELES and NEW YORK, Sept. 21, 2026 /CourierPR/ -- Paramount Skydance Corporation has extended the expiration dates for its previously announced exchange and tender offers. The new expiration date for both the tender offers and the exchange offers is now October 2, 2026, at 5:00 p.m. New York City time. This extension follows several previous extensions, the most recent of which was on September 14, 2026.
The offers are part of Paramount's ongoing efforts to acquire Warner Bros. Discovery, Inc. (WBD). The extension is intended to align with the closing date of the proposed acquisition, ensuring that the settlement dates occur promptly following the deal's completion.
As of September 18, 2026, approximately 66.87% and 75.12% of the aggregate principal amount of the existing tender offer notes and exchange offer notes, respectively, had been validly tendered. However, Paramount does not view these figures as indicative of the final results, as it anticipates further extensions to align with the acquisition's closing date.
The offers are being made pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended. Only eligible holders, defined as "qualified institutional buyers" under Rule 144A or non-U.S. persons under Rule 902 of Regulation S, are authorized to participate in the exchange offers.
The offers are being made solely by Paramount and are not being made by WBD or the WBD Issuers. Neither Paramount, WBD, the WBD Issuers, the dealer managers, the exchange agent, the information agent, the trustees under the indentures governing the offer notes, nor any affiliate of any of them makes any recommendation as to whether any holder of offer notes should tender or refrain from tendering all or any portion of the principal amount of such holder's offer notes.
The extension of the expiration dates is part of Paramount's strategic efforts to ensure a smooth and timely completion of the acquisition of WBD. The company anticipates that the extension will provide additional time for holders of the offer notes to consider their options and participate in the offers.
Paramount, a Skydance Corporation, is a next-generation global media and entertainment company, comprising three business segments: Studios, Direct-to-Consumer, and TV Media. The company's portfolio includes legendary brands such as Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance Animation, Film, Television, Interactive/Games, and Paramount Sports Entertainment.