TwitterFacebookPinterestGoogle+

Netflix Announces Proposed $800 Million Offering of Senior Notes

LOS GATOS, Calif., (FNN NEWS) – By Netflix, Inc.  (Nasdaq: NFLX) today announced that it intends to offer, subject to market and other considerations, $800 million aggregate principal amount of senior notes (the “Notes”) through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.

The interest rate, redemption provisions, maturity date and other terms of the Notes will be determined by negotiations between Netflix and the initial purchasers.

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

This announcement does not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.  The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

Leave a Reply

Your email address will not be published. Required fields are marked *

MORE WORLD NEWS

The United States Condemns Russian Cyber Attack Against the Country of Georgia

On October 28, 2019, the Russian General Staff Main Intelligence Directorate (GRU) Main Center for…

Haitian President Lays Out Terms for Deal with Opposition

PORT-AU-PRINCE, Haiti (AP) — President Jovenel Moise said Friday that he is optimistic that negotiations…

Japan Finds 41 More Cases on Ship as Virus Alarm Doctor Dies

BEIJING (AP) — Japan on Friday reported 41 new cases of a virus on a…

Grenada Embassy to Celebrate Grenada’s 46th Independence Day at Historic Hall of the Americas

WASHINGTON, D.C. (FNN NEWS) - The Embassy of Grenada will ring in Grenada's 46th Independence…

Paris couture climbs Mount Olympus, plumbs marine depths

PARIS (AP) — Female empowerment, controversies about race, and designs that plunged to the depths…

Senate Passes US-Canada-Mexico Trade Deal, a Trump Priority

WASHINGTON (AP) — The Senate overwhelmingly approved a new North American trade agreement Thursday that…

ENTERTAINMENT NEWS

  • Rey and Kylo Ren face off in “Star Wars: The Rise of Skywalker.” Courtesy of Disney
    MOVIES | Star Wars: Still a Force Gaining Funds, Despite Critics’ Drawbacks