Shari Redstone paid off $186M loan to Paramount's lenders — with bulk of cash coming from Larry Ellison: sources
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Shari Redstone has paid off a $186 million loan to Paramount's lenders, with significant financial support from Larry Ellison. This payment was made to creditors of National Amusements, which holds a majority of Paramount's voting stock.
November 19, 2024 | 10:45 pm
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Shari Redstone's repayment of a $186 million loan to Paramount's lenders, with help from Larry Ellison, stabilizes National Amusements, which holds a majority of Paramount's voting stock.
The repayment of the loan reduces financial pressure on National Amusements, which owns a significant portion of Paramount's voting stock. This move likely stabilizes the financial standing of the holding company, indirectly benefiting Paramount by ensuring its major shareholder is financially secure.
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