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Investor Alert

Oct. 21, 2019, 9:18 a.m. EDT

Netflix plans $2 billion bond offering to finance content, production and potential deals

Streaming giant Netflix Inc. (NAS:NFLX) said Monday it is planning a $2 billion bond offering as it seeks to raise the funds to finance content acquisition, production and development and potential acquisitions, among other factors. The company said it is planning to issue bonds in dollars and euros. The company's most active bonds, the 5.875% notes that mature in November of 2028, traded Friday a yield spread of 271 basis points over comparable Treasurys, according to MarketAxess. Shares were down 0.9% in premarket trade, but are up 2.9% in 2019, while the S&P 500 (S&P:SPX) has gained 19%.

Link to MarketWatch's Slice.