Advanced Television

Netflix taps market for another $2bn

October 22, 2018

While its stock flies high on the latest sign-up numbers, Netflix intends to offer, subject to market conditions, approximately $2 billion (€1.74bn) aggregate principal senior unsecured notes in two series through an offering to qualified institutional buyers.

The streaming giant says the interest rate, redemption provisions, maturity date and other terms of each series of Notes will be determined by negotiations with the initial purchasers.

Netflix intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.

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