Paramount (PARA) Faces Hundreds Of Millions In Extra Interest Costs As Warner Bros. Discovery (WBD) Buyout Debt Deal Strains Under Rising Yields
Paramount Skydance Corp. has spent months in talks with investors over the debt package funding its Warner Bros. Discovery acquisition, and the delay is proving extremely costly. Growing fears about global inflation have pushed borrowing rates higher, meaning the company will pay hundreds of millions of dollars more annually in interest than it would have…