Loan & DebtMar 29, 2026, 11:49 PM
Netflix Enters $5 Billion Revolving Credit Agreement to Finance Warner Bros. Discovery Merger
AI Summary
Netflix has entered into a $5 billion senior unsecured revolving credit agreement with Wells Fargo and other lenders. The funds will be used to finance the cash portion of its merger agreement with Warner Bros. Discovery, pay related fees, and potentially refinance existing debt, providing financial flexibility for the transaction and general corporate purposes.
Key Highlights
- Netflix entered into a $5 billion Senior Unsecured Revolving Credit Agreement on December 19, 2025.
- The credit facility will be used to finance the cash portion of the Warner Bros. Discovery merger, related fees, and potentially refinance existing debt.
- The agreement replaces a portion of a previously disclosed bridge commitment letter with a more permanent funding structure.
Price Impact
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