Paramount Skydance (PSKY) bankers plan to begin selling $49 billion in debt backing takeover of Warner Bros. Discovery (WBD) in the coming weeks after the company settled a series of lawsuits, Bloomberg reported Tuesday, citing people familiar with the matter.

It is to be noted that Paramount agreed to settle a multistate antitrust lawsuit involving its proposed Warner Bros. deal, several attorneys general said Monday in separate statements.

Bank of America (BAC), Citigroup (C) and Apollo Global Management (APO) arranged the package, which includes $30 billion of investment-grade bonds, $7.5 billion of investment-grade loans and $12 billion of second-lien bonds, according to the report.

The debt carries no interest-rate caps, shifting rate risk to Paramount rather than the underwriting banks, the report said.

Warner Bros., Paramount, Apollo, Bank of America and Citigroup did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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