Shearman & Sterling Advises Paramount Global on its $1 Billion Cash Tender Offers

Shearman & Sterling represented Paramount Global in connection with its offer to purchase for cash up to $1 billion aggregate purchase price of certain of its outstanding debt securities. The tender offers consisted of abbreviated tender offers for any and all of its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026 and a waterfall tender offer for its 4.00% Senior Notes due 2026, 2.90% Senior Notes due 2027 and 3.375% Senior Notes due 2028. The any and all offers and the waterfall tender offer commenced on November 2, 2023 and expired on November 9, 2023 and November 16, 2023, respectively.

Paramount Global is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. 

The Team

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