Paramount Skydance Corp Files 8-K/A Updating Note Exchange Table

What Happened
Paramount Skydance Corporation (PSKY) filed Amendment No. 1 to its Current Report on Form 8-K (the Amendment) on Aug. 4, 2026 to correct information in a table in Exhibit 99.3 of the original 8-K filed July 31, 2026. The corrected table updates the list of Existing WBD Notes that were validly delivered in consent solicitations and are eligible to participate in related exchange offers, and it identifies the corresponding second lien secured exchange notes being offered. Other than the corrected table on page 5 of Exhibit 99.3, the Amendment does not change the Original Report or its exhibits.

Key Details

• Amendment date: August 4, 2026; Original 8-K filed July 31, 2026.
• Issuers listed: DCL Issuer and DGH Issuer.
• Selected aggregate principal amounts validly delivered and eligible to participate (as corrected):
  • DGH Issuer: $4,104,687,000 of 5.050% Senior Notes due 2042 (exchange for 5.050% Senior Secured Second Lien Notes due 2042).
  • DGH Issuer: $2,691,764,000 of 4.279% Senior Notes due 2032 (exchange for 4.904% Senior Secured Second Lien Notes due 2032).
  • DGH Issuer: $1,353,828,000 of 4.054% Senior Notes due 2029 (exchange for 6.304% Senior Secured Second Lien Notes due 2029).
  • DCL Issuer: $914,183,000 of 3.625% Senior Notes due 2030 (exchange for 4.875% Senior Secured Second Lien Notes due 2030).
  • Other corrected entries include DCL amounts of $655,825,000; $453,281,000; $438,102,000; and multiple smaller line items, plus DGH euro-denominated amounts of €234,382,000 and €316,641,000 for certain series.

Why It Matters
This Amendment corrects the record of which Warner Bros. Discovery (WBD) note series and principal amounts were validly delivered and eligible for exchange — a material detail for creditors, noteholders and investors tracking the debt exchange/consent process. Accurate disclosure affects understanding of participation levels in the consent solicitations and the size and composition of the secured second‑lien notes being offered in exchange. Investors should review the amended Exhibit 99.3 for the corrected line‑by‑line figures if they are monitoring credit exposure or the progress of the exchange offers.