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-0.000110877037365461 -0.000110877037365461 -0.00155227852311771 -0.00188490963521441 -0.00205122519126276 -0.00260561037809069 0.0087038474331967 0.00393613482647748
Stock impact report

Netflix lines up $59 billion of debt for Warner Bros. deal [Fortune]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: Fortune
Discovery Inc., which would make it one of the largest ever loans of its kind. Recommended Video Wells Fargo & Co., BNP Paribas SA and HSBC Plc are providing the unsecured bridge loan, according to a statement Friday, a type of financing that is typically replaced with more permanent debt such as corporate bonds. Under the deal announced Friday, Warner Bros. shareholders will receive $27.75 a share in cash and stock in Netflix. The total equity value of the deal is $72 billion, while the enterprise value of the deal is about $82.7 billion. Bridge loans are a crucial step for banks in building relationships with companies to win higher-paying mandates down the road. A loan of $59 billion would rank among the biggest of its type, Anheuser-Busch InBev SA obtained $75 billion of loans to back its acquisition of SABMiller Plc in 2015, the largest ever bridge financing, according to data compiled by Bloomberg. Show less Read more
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