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Skydance bonds sink, stock whipsaws as JB Perrette resets top lieutenants

The Ankler’s Sean McNulty reports that Skydance’s bonds slumped after last week’s $41 billion merger-debt offering, triggering a trader sell-off this week that has since partly rebounded.

Why it matters. Wall Street’s skepticism toward the debt load gives bondholders and lenders more say over Skydance’s spending as it heads into year-end content decisions.

Signal from The Ankler · Sean McNulty · read the original.

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