Skydance faces $80 billion in debt and a three-year timeline following Warner Bros. Discovery acquisition
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David Ellison’s acquisition of Warner Bros. Discovery is set to close on Oct. 6, leaving the enlarged Skydance entity carrying nearly $80 billion in debt. The company faces a strict runway through the end of 2029 to reduce its leverage ratio according to lender agreements, or billionaire Larry Ellison will personally cover the difference. Moody’s Ratings, S&P Global Ratings, and Fitch Solutions are among the credit agencies scrutinizing the strategy.
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