Netflix (NFLX) said in a filing Tuesday it increased its senior unsecured bridge facility to $42.2 billion to provide the necessary capital for its merger with Warner Bros. Discovery (WBD).
The additional $8.2 billion in commitments came from Wells Fargo (WFC), BNP Paribas, and HSBC (HSBC), the company said.
The increased funding is related to the merger agreement between the two entities, which has been amended and restated, Netflix said.
Shares of Netflix were up 1.3% in early trading.
Price: 89.12, Change: +1.12, Percent Change: +1.27
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