TLDRPSKY stock gains as Paramount extends WBD-linked debt offers through August 21.Paramount keeps tender and exchange offers open as the WBD acquisition advances.About 65.43% of tender notes and 76.04% of exchange notes were already submitted.Debt settlements remain targeted for the third quarter alongside the WBD deal.Paramount may extend the offers again to match the planned WBD closing date.Paramount Skydance shares rose 1.43% to $9.19 at Friday’s close, then gained 1.41% after hours to $9.32. The move followed another extension of debt offers tied to Paramount’s planned Warner Bros. Discovery acquisition. Paramount pushed the offer deadline to August 21 as it prepares for the proposed transaction.Paramount Skydance Corporation Class B Common Stock, PSKYParamount Extends Debt Offers to August 21Paramount extended the expiration dates for its tender and exchange offers to 5:00 p.m. New York time on August 21. The company may extend the deadline again if the acquisition closing requires additional time. Settlement remains expected during the third quarter of 2026.The offers cover several debt securities issued by Discovery Global Holdings and Discovery Communications. Paramount plans to purchase selected notes for cash and exchange other notes for newly issued Paramount debt. Holders can withdraw tendered notes at any point before the new expiration deadline.Paramount previously extended the offers several times during June and July. Those extensions occurred on June 12, June 26, July 13, July 17, July 24, and July 31. The latest move keeps the debt process aligned with the expected timing of the WBD acquisition.WBD Debt Participation Supports Paramount Transaction PlanAs of August 6, holders had tendered about 65.43% of eligible tender offer notes. They had also tendered approximately 76.04% of eligible exchange offer notes. Paramount said the current participation levels do not represent final results because further extensions remain possible.The eligible securities include debt maturing from 2027 through 2052. Discovery Communications notes include maturities between 2028 and 2049, with several coupon rates across the group. Discovery Global Holdings notes include dollar and euro issues with maturities extending through 2052.The largest listed eligible issue carries a 5.050% coupon and matures in 2042. That Discovery Global Holdings issue has about $4.10 billion in eligible principal. Another large issue includes roughly $2.69 billion of 4.279% senior notes due in 2032.Paramount Links Debt Process With Proposed WBD AcquisitionParamount designed the offers to support its proposed acquisition of Warner Bros. Discovery. The company expects future expiration dates to stay linked with the transaction’s eventual closing schedule. That structure would allow settlement to occur on or shortly after the acquisition closes.The debt offers also give Paramount a clearer path for managing WBD obligations after the planned combination. By extending the deadlines, Paramount keeps participation open while the broader transaction process continues. The approach also limits timing gaps between the debt settlement and acquisition completion.Paramount has not presented the current tender levels as final acceptance figures. Instead, the company expects additional changes before the debt offers close. The August 21 deadline now marks the next key date for the financing process surrounding the proposed WBD deal. The post Paramount Skydance (PSKY) Stock: Surges as Debt Offers Extend to August 21 Before WBD Acquisition appeared first on Blockonomi.