Citi to Hold Investor Call on Paramount Skydance Loan

The stalled syndication is the real story: banks underwrote one of the largest LBO debt packages on record and pre-sold demand, then the process froze on legal risk. That leaves the underwriters holding exposure they intended to distribute, which is why a lender call matters more than the deal headline. For credit markets, the question is whether legal threats are now priced as a standard feature of mega-buyout financing. Whether the syndication restarts — and on what terms — is the open question.