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AI brief of an SEC Form 8-K · Skydance (SKYD)

Skydance issues $11.98 billion in second lien notes in exchange offers

Neutral Impact 4 of 5 financing Written later

Skydance Corporation issued $11,983,970,000 in U.S. dollar second lien notes and EUR 546,547,000 in euro second lien notes on October 9, 2026, in exchange for existing notes issued by its WBD subsidiaries. The notes are secured by second-priority liens on substantially all personal property and rank junior to the company's credit facilities and first lien notes, so the exchange adds secured debt that sits ahead of unsecured obligations.

Key points

  • As of the October 6, 2026 expiration date, about 99.15% of the existing exchange offer notes were validly tendered, and about 98.83% of the existing tender offer notes were tendered for cash.
  • The notes are junior in lien priority to the company's credit facilities and first lien senior secured notes, and liens are released for a series if an Investment Grade Event occurs and the company has no more than $250,000,000 of term B lo
  • The filing also describes a warrant distribution with an issue date of October 13, 2026, and NYSE ticker SKYD WS, for holders of Class B common stock as of the October 5, 2026 record date.

The filing

CompanySkydance (SKYD)
Form8-K, current report
Filed with the SECOct 13, 2026, 8:21 AM ET
Accession number0001104659-26-115294

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 13, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.