According to a regulatory document submitted on Monday, Netflix has processed part of the refinancing business for a $59 billion bridge loan, which was initially prepared to support its potential acquisition of Warner Bros. Exploration. The streaming media company received a new $5 billion revolving credit line and two $10 billion deferred term loans each. So far, the bridge loan still has about US$34 billion to be distributed by syndication. Previously, Netflix won a bid for related assets, beating rivals including Paramount Sky Dance. Paramount Sky Dance offered to buy all of Warner Bros. Discovery's business in full cash. The bid was as high as US$108.4 billion, equivalent to US$30 per share. Bridge loans are usually used to provide short-term financial support for large-scale transactions. Later, they are generally replaced with debt financing instruments with longer terms and lower costs.

According to a regulatory document submitted on Monday, Netflix has processed part of the refinancing business for a $59 billion bridge loan, which was initially prepared to support its potential acquisition of Warner Bros. Exploration. The streaming media company received a new $5 billion revolving credit line and two $10 billion deferred term loans each. So far, the bridge loan still has about US$34 billion to be distributed by syndication. Previously, Netflix won a bid for related assets, beating rivals including Paramount Sky Dance. Paramount Sky Dance offered to buy all of Warner Bros. Discovery's business in full cash. The bid was as high as US$108.4 billion, equivalent to US$30 per share. Bridge loans are usually used to provide short-term financial support for large-scale transactions. Later, they are generally replaced with debt financing instruments with longer terms and lower costs.