Reposted by proletariat
‘Just hours after Paramount Skydance issued $52B of debt to fund the biggest Hollywood buyout ever, investors were nursing hundreds of millions in losses, triggering a flurry of angry calls from money managers to Wall Street banks that underwrote the debt.’ www.bloomberg.com/news/article...
bloomberg.com
Angry Bondholders Flood Wall Street With Complaints on Paramount Losses
Just hours after Paramount Skydance Corp. issued $52 billion of debt to fund the biggest Hollywood buyout ever, investors were nursing hundreds of millions of dollars in losses, triggering a flurry of...