Netflix's acquisition of 'reserve ammunition' for the century: initiating a $59 billion syndicated loan refinancing to replace some high-cost transitional loans

According to a document released on Monday, the streaming giant has secured a $5 billion revolving credit facility, along with two delayed-draw term loans of $10 billion each, to refinance part of the bridge loans taken out for the bidding of Warner Bros. This leaves a remaining $34 billion to be syndicated.