Paramount Global has announced the entry into an amendment to its existing corporate loan agreement. On May 12, 2025, the company, along with its lenders, executed Amendment No. 5 to the amended and restated credit agreement initially dated January 23, 2020. This amendment involves key financial institutions including JPMorgan Chase Bank, N.A. as the administrative agent, alongside Citibank, Bank of America, and Wells Fargo as syndication agents, among others. A significant change in the amendment includes the revision of the definition of Consolidated EBITDA, which now allows an additional add-back for restructuring, litigation, and other business optimization expenses, capped at 15% of EBITDA. This strategic amendment is designed to provide Paramount with enhanced financial flexibility as it continues to optimize its business operations.
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