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Viacom Has Credit Commitment for Paramount Merger: The company said it has secured a $4.5-billion credit facility in connection with its proposed merger with Paramount Communications Inc. Viacom Inc. said it has received $3.5 billion in a senior unsecured credit facility and a $1-billion bridge term loan. The temporary bridge loan allows Viacom to help pay for its cash tender offer for Paramount in the event there are delays in Nynex’s $1.2-billion investment in Viacom. A $600-million investment in Viacom by Blockbuster Entertainment has already been completed. Lead banks for the Viacom credit facility are Morgan Guaranty Trust Co., Citibank and Bank of New York.