This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.

Netflix Inc. has secured an additional $8.2bn in bank financing to support its amended all-cash offer for Warner Bros. Discovery’s (WBD) studio and streaming assets. This brings Netflix’s total bridge loan financing to $42.2bn. Under the revised deal, Netflix will now pay fully in cash, replacing its earlier cash-and-stock structure. The move comes as rival Paramount Skydance Corp. has launched a competing $30/share all-cash tender offer for Warner Bros. Financing for Netflix’s incremental borrowing is being led by Wells Fargo, BNP Paribas, and HSBC Holdings, alongside other lenders. Netflix had originally arranged $59bn in acquisition financing and has already refinanced part of that with longer-term debt. Meanwhile, Paramount’s bid is backed by substantial financing commitments, including support from BofA, Citigroup, and Apollo Global, highlighting the intensifying competition for Warner’s assets.
Netflix dollar bonds traded stable with its 5.375% 2029s at 104.1, yielding 4.2%.
For more details, click here

