Netflix secured a $5 billion revolving credit facility and two $10 billion delayed-draw term loans, leaving about $34 billion of the facility to be syndicated.
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Netflix
has refinanced part of a $59 billion bridge loan to support its potential acquisition of Warner Bros Discovery
’s film, TV studios and streaming assets, according to a regulatory filing on Monday.
The streaming giant, which is preparing for one of the biggest media deals in history, secured a $5 billion revolving credit facility and two $10 billion delayed-draw term loans, leaving about $34 billion of the bridge facility to be syndicated.
The acquisition, which will face regulatory scrutiny by the Trump administration, gives Netflix access to a vast film catalog and…
Netflix first started selling junk bonds in 2009 when it was transitioning from mainly renting DVDs through the mail into a…
Netflix agreed to buy Warner Bros. Discovery, including HBO, in a deal valued at $82.7 billion after securing financing from a…
The agreement follows a weeks-long bidding war for the storied company.
Netflix said the updated offer will provide greater certainty to Warner Bros. Discovery’s shareholders, who are set to vote on…
Netflix is likely to amend its offer for Warner Bros. Discovery's streaming and studio business after reaching an earlier…
