Netflix Secures $15 Billion in New Credit Facilities to Support Merger and Operations
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Netflix Inc. has secured $15 billion in new credit facilities, including a $5 billion Senior Unsecured Revolving Credit Agreement and a $10 billion unsecured delayed draw term loan credit facility. These funds will support a planned acquisition, refinance existing debt, and cover related expenses. The agreements feature competitive interest rates, prepayment options without penalty, and require Netflix to maintain a minimum consolidated EBITDA to interest expense ratio of 3.0 to 1.0.
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