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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


Netflix Inc. /zigman2/quotes/202353025/composite NFLX -1.59% 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

US : U.S.: Nasdaq
$ 429.32
-6.93 -1.59%
Volume: 5.42M
May 22, 2020 4:00p
P/E Ratio
Dividend Yield
Market Cap
$188.82 billion
Rev. per Employee

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