Netflix Inc. has entered into significant new financing arrangements, replacing a portion of its previous bridge commitment with more permanent and cost-effective funding. On December 19, 2025, Netflix secured a $5 billion Senior Unsecured Revolving Credit Agreement with a group of lenders and Wells Fargo Bank as administrative agent. The facility is intended for various corporate purposes, including funding the cash portion of a planned acquisition. In addition, Netflix established a three-year, $10 billion unsecured delayed draw term loan credit facility, which can be used to finance the acquisition, pay related fees and expenses, or refinance existing debt. Both agreements feature competitive interest rates and allow for prepayment without penalty, and require Netflix to maintain a minimum consolidated EBITDA to interest expense ratio of 3.0 to 1.0. The agreements include customary covenants and events of default provisions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Netflix Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-327462), on December 22, 2025, and is solely responsible for the information contained therein.
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