Netflix Inc. has refinanced its debt to support its $82.7 billion acquisition of Warner Bros. Discovery Inc., amidst competitive offers and regulatory scrutiny.

Information on the Target

Netflix Inc. has recently made significant strides in refining its financial strategy to support its ambitious acquisition of Warner Bros. Discovery Inc. In December, Netflix agreed to a deal that values Warner's studio and streaming assets at approximately $82.7 billion. This acquisition is poised to reshape the landscape of the entertainment industry, especially in light of competing offers, including a hostile bid from Paramount Skydance Corp.

As part of this process, Netflix has refinanced a portion of its $59 billion bridge loan into more affordable and longer-term debt. This includes a revolving credit line of $5 billion and two deferred-term loans of $10 billion each, leaving a balance of $34 billion still pending syndication.

Industry Overview in the Target’s Specific Country

The entertainment industry in the United States is currently experiencing a period of intense competition and transformation. Streaming services have proliferated over the past decade, f