Netflix Inc. has lined up $8.2 billion of additional debt from a group of banks to help finance its amended, all-cash agreement to buy Warner Bros. Discovery Inc.’s studio and streaming business.
The company now has $42.2 billion of bridge loans in place, according to a filing Tuesday. They are a type of facility that is usually replaced with permanent debt like corporate bonds.
Netflix, which previously agreed to pay $27.75 a share in cash and stock for the Warner assets, will now pay the full amount in cash. Rival bidder Paramount Skydance Corp. has launched an all-cash $30-a-share ...
