Netflix Refinances Chunk Of Bridge Loan For Warner Bros. Acquisition

Netflix has secured new bank financing totaling $25 billion to replace a portion of the cash commitment under its previously disclosed $59 billion bridge loan to acquire Warner Bros. Discovery’s studios and streaming business. The refinancing agreements laid out in an SEC filing that hit Monday include a $5 billion senior unsecured revolving credit facility as well as two senior unsecured delayed-draw term-loan facilities totaling $10 billion each. The news comes as Paramount this morning amended its hosti ...