Paramount Global
Full Lot
Price as of 03 Oct 2026, 1:27am
Odd Lot
Price as of 03 Oct 2026, 1:27am
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Paramount Global
Guarantor
Paramount Skydance Corp
Announcement Date
12 May 2020
Issue Date
19 May 2020
Maturity Date
19 May 2032
Years to Maturity / Next Call
5.630 / 5.384
Modified Duration
4.655 @ 02 Oct 2026
Issue / Reoffer Price
97.395
Issue / Reoffer Yield
4.483
Coupon Type
Fixed
Annual Coupon Rate
4.200
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
US92556HAD98
CUSIP
92556HAD9
Bond Currency
USD
Total Issue Size
1,000,000,000
Min. Investment Quantity (Nominal)
USD 2,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
High Yield Corporate
Bond Sector
Consumer Discretionary
Bond Sub Sector
Media
Issuer Credit Rating (S&P/ Fitch)
***/ BB+
Bond Credit Rating (S&P/ Fitch)
***/ BB+
Shariah Compliant
No
Exchange Listed
Others
The term “Par Call Date” means, with respect to the 2032 senior notes, February 19, 2032, the date that is three months prior to the maturity of the 2032 senior notes and, with respect to the 2050 senior notes, November 19, 2049,the date that is six months prior to the maturity of the 2050 senior notes.
The term “Par Call Date” means, with respect to the 2032 senior notes, February 19, 2032, the date that is three months prior to the maturity of the 2032 senior notes and, with respect to the 2050 senior notes, November 19, 2049,the date that is six months prior to the maturity of the 2050 senior notes.
The term “Make-Whole Amount” means the excess, if any, of (i) the aggregate present value as of the date of the redemption of the principal being redeemed and the amount of interest (exclusive of interest accrued to the date of redemption) that would have been payable to the applicable Par Call Date if redemption had not been made, determined by discounting, on a semi-annual basis, the remaining principal and interest at the respective Reinvestment Rate described below (determined on the third business day preceding the date fixed for redemption)from the dates on which the principal and interest would have been payable on the applicable Par Call Date, to the date of redemption, over (ii) the aggregate principal amount of such 2032 senior notes or 2050 senior notes, as the case may be.
The term “Reinvestment Rate” means (i) the arithmetic mean of the yields published in the most recent Statistical Release under the caption “U.S. Government Securities—Treasury Constant Maturities” for the maturity(rounded to the nearest month) corresponding to the remaining life to the applicable Par Call Date, as of the payment date of the principal being redeemed or paid (the “Treasury Yield”), plus (ii) 0.500%, in the case of the 2032 senior notes, or 0.500%, in the case of the 2050 senior notes.
Unless we have previously exercised our right to redeem all the senior notes of the applicable series as described under “—Optional Redemption” above, upon the occurrence of a Change of Control Repurchase Event (defined below) in respect of either series of the senior notes, we will make an off er to each holder of such series of senior notes, as to which the Change of Control Repurchase Event has occurred to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such holder’s senior notes pursuant to the off er described below (the “Change of Control Off er”) at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to, but not including, the date of purchase (the “Change of Control Price”).
“Change of Control” means the occurrence of any of the following:
(1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of our properties or assets and those of our subsidiaries, taken as a whole, to any “person” (individually and as that term is used in Section 13(d)(3) and Section 14(d)(2) of the Exchange Act) other than us or one of our Affiliates;
(2) the first day on which a majority of the members of our board of directors are not Continuing Directors;
(3) the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation) the result of which is that any “person” (individually and as that term is used in Section 13(d)(3) and Section 14(d)(2) of the Exchange Act), other than us, one of our subsidiaries or Redstone Family Members, becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of our Voting Stock, and following such transaction or transactions, Redstone Family Members beneficially own less than 50% of our Voting Stock, in each case, measured by voting power rather than number of shares; or
(4) the consummation of a so-called “going private/Rule 13e-3 Transaction” that results in any of the effects described in paragraph (a)(3)(ii) of Rule 13e-3 under the Exchange Act (or any successor provision) with respect to each class of our common stock, following which Redstone Family Members beneficially own, directly or indirectly, more than 50% of our Voting Stock, measured by voting power rather than number of shares.
“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.
“Continuing Directors” means, as of any date of determination, any member of our board of directors who:
(1) was a member of such board of directors on the first date that any of the senior notes were issued; or
(2) was nominated for election or elected to our board of directors (i) with the approval of Redstone Family Members representing not less than 50% of our Voting Stock, measured by voting power rather than number of shares, or (ii) with the approval of a majority of the Continuing Directors who were members of our board at the time of such nomination or election.
Cash Flow Information