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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80