Netflix raising $400m refinancing

Netflix has announced that it intends to offer, subject to market considerations, $400 million from the issue senior notes due 2021 through an offering to qualified institutional buyers.

Netflix will use approximately $225 million of the net proceeds from this offering to redeem its outstanding 8.5 per cent senior notes due 2017, and intends to use the remaining net proceeds for general corporate purposes, including capital expenditures, investments, working capital and potential acquisitions and strategic transactions.

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