Netflix refinances part of $59 billion loan with cheaper, long-term debt as it seeks to acquire Warner Bros
MINT·2025-12-22 12:51

Streaming giant Netflix Inc has refinanced a portion of its 59billionbridgeloanwithcheaper,long−termdebt,strengtheningthefinancialsupportforitsbidtoacquireWarnerBros.DiscoveryInc,accordingtoareportbyBloomberg.Netflixsecureda59 billion bridge loan with cheaper, long-term debt, strengthening the financial support for its bid to acquire Warner Bros. Discovery Inc, according to a report by Bloomberg.Netflix secured a 5 billion revolving credit line and two 10billiondelayed−drawtermloanstorefinancepartofthebridgefacilityusedforitsWarnerBros.bid,asperaMondayfiling.Thisleaves10 billion delayed-draw term loans to refinance part of the bridge facility used for its Warner Bros. bid, as per a Monday filing. This leaves 34 billion available for syndication, the report said.In early December, ...