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Netflix Is Looking to Borrow Heavily Again to Fund Warner Bros. Deal

Netflix, a company that built its business on junk bonds, is looking to borrow heavily again.

Netflix headquarters in Los Angeles, California, US, on Tuesday, Dec. 9, 2025. Paramount Skydance Corp. and Netflix Inc. — the entertainment heavyweights locked in a bidding war for Warner Bros. Discovery Inc. — are girding for a battle they predict will stretch well into 2026. Photographer: Ethan Swope/Bloomberg
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Netflix Is Looking to Borrow Heavily Again to Fund Warner Bros. Deal

Netflix, a company that built its business on junk bonds, is looking to borrow heavily again.

Netflix headquarters in Los Angeles, California, US, on Tuesday, Dec. 9, 2025. Paramount Skydance Corp. and Netflix Inc. — the entertainment heavyweights locked in a bidding war for Warner Bros. Discovery Inc. — are girding for a battle they predict will stretch well into 2026. Photographer: Ethan Swope/Bloomberg
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