Cahill Advises Dealer Managers in Paramount Skydance’s Tender and Exchange Offers

May 28, 2026

Cahill represented the dealer managers in connection with Paramount Skydance Corporation’s cash tender offers and exchange offers for certain outstanding notes of Discovery Global Holdings, Inc. and Discovery Communications, LLC, subsidiaries of Warner Bros. Discovery, Inc. The transaction includes offers to purchase for cash any and all of the identified notes in certain series and offers to exchange other identified notes for newly issued Paramount Skydance Corporation notes.

The transaction follows Cahill’s recent representations in connection with the transformational combination of Paramount Skydance and Warner Bros. Discovery, including advising the financing sources in the announced $111 billion merger and the lead arrangers in the related $10 billion financing commitment package for the acquisition.

The deal team was led by partners Jim Clark, Joe Slotnick, Ted Lacey and Tristan Manley, counsel Josh Goldberg and Alexa Kaminsky, and associates Richard Pan, Luke Twardowski, Annie Yuan, Olivia Baruch, Gabriella Bloom, Ethan Saber and Kevin Teng.