Netflix has partially refinanced the 590 billion dollar bridge loan related to the merger with Warner Brothers.

According to a regulatory document submitted on Monday, Netflix has arranged for partial refinancing of a $59 billion bridge loan, which was initially set up to support its potential acquisition of Warner Bros. Discovery. The streaming company has secured a new $5 billion revolving credit facility, as well as two $10 billion delayed-draw term loans. So far, approximately $34 billion of the bridge loan is still awaiting syndication. Previously, Netflix emerged victorious in the bidding for related assets, defeating competitors including Paramount Skydance. Paramount Skydance had proposed to acquire all of Warner Bros. Discovery's business in cash, with an offer of up to $108.4 billion, equivalent to $30 per share. Bridge loans are typically used to provide short-term funding support for large transactions, which are later usually replaced with longer-term and lower-cost debt financing instruments.