Netflix Inc Proposes $400 Million Offering Of Senior Notes

Tuesday, 29 Jan 2013 07:48am EST 

Netflix Inc announced that it intends to offer, $400 million aggregate principal amount of senior notes due 2021 (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. Netflix will use approximately $225 million of the net proceeds from this offering to redeem outstanding 8.50% senior notes due 2017, including expenses associated with such redemption, pursuant to the make-whole provision in the indenture governing such notes and intends to use the remaining net proceeds for general corporate purposes, including capital expenditures, investments, working capital and potential acquisitions and strategic transactions. 

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21 Nov 2014