{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Cloud 9fin","title":"Syndication Nation — The $81bn HY/IG jigsaw puzzle behind Paramount-WBD","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/d5591618\"></iframe>","width":"100%","height":180,"duration":1275,"description":"In our latest episode of Syndication Nation, US investment grade editor William Hoffman and LevFin senior reporter Sunny Oh break down a complicated mess of debt headed for the primary in the back half of 2026 to fund the combination of Paramount Skydance and Warner Bros. Discovery.\nThe debt stack is expected to include $32bn of existing bonds and $49bn of newly syndicated debt split across asset classes for one of the largest financings of the year.\nFor more detail, read William, Sunny and Will Macadam’s latest piece breaking down the colossal $81bn debt stack that will finance this deal. Find all our coverage of the Paramount-WBD deal at 9fin.com. \n Have any feedback for us? Send a note to podcast@9fin.com. Thanks for listening!","thumbnail_url":"https://img.transistorcdn.com/Ct-LyAY39ezUDdlJpLn-ot9823EZfHGgwNgEVlhXOEg/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zMDNl/Mjg3MDMzODFhYTNi/NTVkNTViN2ViYzYx/OGIwZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}