Netflix To Offer $800 Million In Senior Notes

By Markets MarketWatch Pulse

Netflix Inc. said Monday it plans to issue $800 million of senior notes, as the streaming giant continues to push ahead with a global expansion plan. The company said proceeds of the sale will be used for general corporate purposes, which may include content acquisitions, capex, investments, working capital and potential acquisitions and strategic transactions. The company's most-active bonds, its 5.875% notes due February 2020 traded Friday at a premium of 112.375 cents on the dollar, according to MarketAxess. The company has $6.2 billion in bonds outstanding, according to MarketAxess.

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