- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Netflix, Inc. (NASDAQ:NFLX): Current Price: $168.31
Last night, the company announced the pricing of an offering of $500 million aggregate principal amount of its 5.375 percent senior notes due 2021. The sale of the notes will likely close on February 1. Interest on the notes is to accrue at a rate of 5.375 percent per year and it is to be payable in cash semi-annually, beginning on August 1. According to Netflix, it intends to use about $225 million of the net proceeds from the offering to redeem its outstanding 8.50 percent senior notes due 2017, and the company plans to use the rest of the net proceeds for general corporate purposes, which includes capital expenditures, investments, working capital, and potential acquisitions and strategic transactions.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.