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Or sign-in if you have an account.Warner Bros. is looking to refinance short-term debt ahead of its planned takeover by Paramount Skydance Corp. Photo by Patrick T. Fallon/AFP via Getty ImagesWarner Bros. Discovery Inc. boosted a loan sale for a second time, a move that will allow the media giant to fully replace US$15 billion of short-term financing.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorA JPMorgan Chase & Co.-led bank group increased the loan on Tuesday from about US$10 billion, according to a person with knowledge of the matter. The offering was already bolstered last week amid strong demand for credit despite a volatile macro backdrop.The dollar portion is expected to be between US$12.5 billion and US$13.75 billion, while the €1 billion (US$1.16 billion) tranche may potentially reach €2 billion, said the person, who asked not to be identified because they’re not authorized to speak publicly.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againWarner Bros. is looking to refinance short-term debt ahead of its planned takeover by Paramount Skydance Corp. The larger size means all of the so-called bridge loan would be replaced, the person said.A representative for JPMorgan declined to comment.Loans are typically repaid at par if ownership of a business changes. On the Warner Bros. debt, investors have an opportunity to buy the new loans at a discounted rate of 99 cents US, which would allow them to make a quick profit if the sale to Paramount goes through. Commitments for both tranches are due on Wednesday, the person said.The proposed financing comes ahead of the US$110 billion consolidation of two of Hollywood’s largest legacy media companies. In addition to the Warner Bros. loan currently being sold, Bank of America Corp. and Citigroup Inc. are preparing to sell about US$50 billion of debt to back the acquisition, in one of the most highly-anticipated offerings of the year.The debt package may include about US$30 billion of high-grade bonds, around US$12 billion of junk bonds, and US$7.5 billion of loans, and may be sold to investors as soon as the next couple of weeks, Bloomberg previously reported.The buyout agreement, announced on Feb. 27, capped a months-long battle between Paramount and Netflix Inc. for Warner Bros. Shareholders of Warner Bros. approved the transaction in April. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.