An aerial view of the Paramount logo displayed on the water tower at Paramount Studios on December 8, 2025 in Los Angeles, California. Entertainment giant Paramount, now renamed Paramount Skydance, is attempting a hostile takeover bid for Warner Bros. Discovery worth $108.4 billion.
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Netflix has refinanced part of a $59 billion bridge loan arranged to support its potential acquisition of Warner Bros Discovery, according to a regulatory filing on Monday.
The streaming company secured a $5 billion revolving credit facility and two $10 billion delayed-draw term loans, leaving about $34 billion of the bridge facility to be syndicated.
Netflix won a competitive auction for the assets, beating rival bids, including an unsolicited all-cash $108.4 billion offer from, which proposed $30 per share for the entire WarnerBros Discovery business.
Bridge loans are typically used to provide short-term funding for large transactions and are later replaced with longer-term and cheaper debt.
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