Latham & Watkins Advises Paramount in Debt Financing for Warner Bros. Discovery Acquisition

Latham & Watkins is advising Paramount Skydance Corporation (NASDAQ: PSKY) (Paramount) on the debt financing for its acquisition of Warner Bros. Discovery, Inc. (NASDAQ: WBD) (WBD), in what has been described by WBD as the largest leveraged buyout in history.

The financing underscores Latham’s market leading capabilities in leveraged finance and capital markets, bringing together deep experience across leveraged loans, investment grade and high yield bonds, and complex acquisition financings to support one of the most significant transactions ever in the global media sector.

A Latham & Watkins team led by partners Joshua Tinkelman, Jason Licht, and Benjamin Cohen, with associates Chen Tang, Sara Johnson, and Jack Anderson, is advising Paramount on the debt financing aspects of the transaction.