Paramount has secured a deal to secure debt commitments for its Warner Bros acquisition, with a group of 18 banks and its debt commitments now at $49 billion from $54 billion. The company also entered into permanent financing deals with the bank group to provide for $5 billion in term loan As and a new $5bn revolving credit facility. The loans are backed on a first-lien basis by Paramount's assets, including Paramount Global, Skydance Media and Warner Bros. The deal is expected to close in the third quarter after regulatory approvals. The post-merger entity will have a net debt of just under $80 billion.