Loan & DebtJul 22, 2026, 05:26 PM
Netflix Issues $1B Senior Unsecured Notes Due 2036
AI Summary
Netflix, Inc. announced the completion of a registered public offering of $1 billion in 5.250% senior unsecured notes due 2036. The company intends to use the net proceeds primarily for the repayment of its outstanding 4.375% Senior Notes due 2026, with the remainder allocated for general corporate purposes. The offering was underwritten by several financial institutions, including BNP Paribas Securities Corp. and Morgan Stanley & Co. LLC.
Key Highlights
- Netflix completed a public offering of $1 billion in senior unsecured notes.
- The notes carry an interest rate of 5.250% and are due in 2036.
- Net proceeds will be used to repay outstanding 4.375% Senior Notes due 2026.
- Remaining proceeds are designated for general corporate purposes.
- Underwriters included BNP Paribas, Morgan Stanley, RBC Capital Markets, and Wells Fargo Securities.
Price Impact
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