Netflix Increases Credit Facility by $250 Million

Netflix is projecting a first-quarter (ended March 31) global subscriber tally topping 148 million with revenue of nearly $4.5 billion. But that didn’t stop the SVOD pioneer from widening its access to other people’s money.

The streaming video behemoth April 1 announced it entered into an amendment revolving credit facility agreement with Morgan Stanley, increasing the size of the lender’s commitments by $250 million to $750 million.

The maturity date of the loan extended from July 27, 2022 to March 29, 2024.