Netflix to Offer Senior Notes and 4 Media Titans Making Waves
Netflix, Inc. (NASDAQ:NFLX): Current Price: $166.91
Earlier today, the company announced that it plans to offer, subject to market and other considerations, $400 million worth of aggregate principal amount of senior notes, which will be due in 2021. According to Netflix, it would use about $225 million of the net proceeds from this offering as a means to redeem its outstanding 8.50 percent senior notes due 2017. The remainder of the proceeds will go towards general corporate purposes, including capital expenditures, investments, working capital and potential acquisitions and strategic transactions.