Banks Selling $8.2B More Netflix Debt for Warner Bros Bid

Banks including Wells Fargo & Co. on Tuesday started selling, or syndicating, an extra $8.2 billion of short-term loans to help Netflix Inc. fund its planned purchase of Warner Bros. Discovery Inc.’s studio and streaming business, according to people with knowledge of the matter.

The banks, which also include BNP Paribas SA and HSBC Holdings Plc, are looking to syndicate the short-term debt known as bridge loans to the same banks that have already provided longer-term loans to fund Netflix’s planned acquisition, the people said, asking not to be identified discussing private details.