US EditionNetflix Refinances Part of $59 Billion Bridge Loan Tied to Warner Bros Discovery Deal
Netflix replaced part of its $59 billion bridge loan with $25 billion in revolving credit and term loans to fund its Warner Bros. acquisition bid, easing financing costs.
- On Monday, Netflix disclosed it refinanced part of a bridge loan to support its potential acquisition of Warner Bros Discovery's film, TV studios and streaming assets, as syndication continues.
- Earlier this month, Netflix arranged a $59 billion bridge loan on December 4 to ensure funding certainty for its Warner Bros Discovery bid, as bridge loans provide short-term funding for large deals.
- Replacing part of the bridge, Netflix arranged a $5 billion revolving credit facility and two $10 billion delayed-draw term loans, using proceeds for the cash portion, fees, refinancing, and corporate purposes.
- Netflix won a competitive auction for the assets, beating rival bids, while Paramount Skydance made an unsolicited all-cash $108.4 billion offer at $30 per share that the Warner Bros board said offered higher immediate value.
- The deal is expected to close after Warner Bros spins off its Global Networks unit in the third quarter of 2026, a move announced in mid-2025 to unlock shareholder value.
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Santander and BBVA have just been involved in the war by Warner Bros. Netflix has counted on them to arm the $25 billion that it has structured to finance its supply of $83 billion by the owner of HBO and CNN, according to the documentation registered with the US Securities and Exchange Commission (SEC).The bank that presides Ana Botín has pledged $1.312 million, and the one that directs Carlos Torres, $578 million.
East Bay Times
Netflix refinances part of $59 billion loan for Warner Bros.
(Bloomberg/Megawati Wijaya and Kat Hidalgo) — Netflix Inc. refinanced part of a $59 billion bridge loan with cheaper and longer-term debt, bolstering the financial package underpinning its bid for Warner Bros. Discovery Inc. The streaming giant got a $5 billion revolving credit facility and two $10 billion delayed-draw term loans to refinance part of the bridge facility it took out for its Warner Bros. bid, according to a filing on Monday. That …
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 […]
Netflix refined part of a $59 billion bridge loan with cheaper and longer-term debt, reinforcing the financial package that sustains its offer by Warner Bros. Discovery.The streaming giant obtained a revolving credit line of $5 billion and two $10 billion long-term loans with deferred disbursement to refinance part of the bridge credit line that it obtained for its offer by Warner Bros., according to a paper presented on Monday. This leaves $34 …
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