A banking consortium led by JPMorgan has increased a leveraged loan issuance for Warner Bros. Discovery to $10.2 billion. This move aims to refinance the media company's short-term debt ahead of a planned sale to Paramount Skydance. According to sources, the issuance is structured in two parts: a dollar-denominated tranche, which was raised from $5 billion to $9 billion, and a euro-denominated tranche of €1 billion (approximately $1.16 billion), which remains unchanged. The proposed financing is reportedly being arranged prior to Paramount Skydance's acquisition of Warner Bros. Discovery for $110 billion. The proceeds are intended to partially repay approximately $15 billion in bridge loans. Bankers are reportedly preparing to issue $49 billion in bonds to facilitate the merger of two of Hollywood's largest legacy media companies, with the bond marketing process expected to commence in the coming weeks.