Netflix Secures $25 Billion Credit for Warner Bros. Discovery Deal
Netflix has refinanced part of its $59 billion bridge loan to support its potential acquisition of Warner Bros Discovery's assets, including film, TV studios, and streaming services, in a deal that is expected to close after Warner Bros spins off its Global Networks unit in 2026. The refinancing includes a $5 billion revolving credit and two $10 billion delayed-draw loans, with about $34 billion remaining to be syndicated. Netflix's bid was successful in a competitive auction, beating a higher cash offer from Paramount Skydance.
