According to a regulatory filing made today, Oracle co-founder Larry Ellison has agreed to provide a personal guarantee of $40.4 billion toward the equity financing for Paramount Skydance’s offer to acquire Warner Bros Discovery.
Paramount stated that Ellis’s offer does not alter the terms of the $30-per-share all-cash bid.
The news comes as Netflix also worked today to refinance part of its $59 billion bridge loan tied to the Warner Bros. deal. The company obtained a $5 billion revolving credit line and two $10 billion delayed-draw term loans, with approximately $34 billion of the bridge facility remaining to be syndicated.
The refinancing proceeds will cover the cash portion of the deal, related fees and expenses, and could also be allocated for refinancing and general corporate purposes.
Last week, Warner Bros. urged its shareholders to reject Paramount’s offer, citing the Netflix deal as offering greater strategic benefits and financing certainty for investors.
The deal is anticipated to finalize following Warner Bros’ spin-off of its Global Networks division in the third quarter of 2026.
By CEO NA Editorial Staff
