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Oct. 22, 2019, 5:48 p.m. EDT

Netflix prices $2.22 billion of its junk bonds

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By Max A. Cherney

NFLX

Netflix Inc. /zigman2/quotes/202353025/composite NFLX +1.87% said late Tuesday that it had priced $2.22 billion worth of junk bonds. The streaming company is offering €1.1 billion ($1.22 billion) of its 3.625% senior notes due 2030 and $1 billion of its 4.875% senior notes due 2030. Netflix said it plans to use the junk-rated bonds for a range of purposes that includes content, production, develop and potential acquisitions. Netflix stock fell 0.1% in the extended session and closed down 4.1% during regular trading to $266.69.

Read the full story:
Netflix sells $2.2 billion of junk bonds as it braces for onslaught of competition

/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 295.03
+5.41 +1.87%
Volume: 6.34M
Nov. 15, 2019 4:00p
P/E Ratio
94.16
Dividend Yield
N/A
Market Cap
$124.07 billion
Rev. per Employee
$2.22M
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