Paramount just completed a record $52B debt offering to fund its merger with Warner Bros Discovery. The sale hit as the 10-year Treasury yield reached 5.24%. Delaying the merger cost Paramount about $400M a year in extra interest expense. Apollo Global Managem

Paramount just completed a record $52B debt offering to fund its merger with Warner Bros Discovery. The sale hit as the 10-year Treasury yield reached 5.24%. Delaying the merger cost Paramount about $400M a year in extra interest expense. Apollo Global Management backed the offering, helping push total order book demand to $150B. Revenue: $PSKY $29.1B vs. $WBD $36.1B. Seeking Alpha Quant Ratings: both = Hold. Is the merger worth the price of debt at 5%+ yields? ▻