Netflix plans to issue 1 billion euros in senior notes to fuel its content acquisitions
Netflix Inc. on Monday said it plans to issue 1 billion euros in senior notes as the streaming giant continues its aggressive content expansion. Netflix said it intends to use the proceeds for general corporate purposes, including content acquisitions, capital expenditures, investments, working capital and potential acquisitions and strategic transactions, according to a news release. Netflix's most active bonds, the 4.375% notes that mature in November of 2026, last traded at 98.75 cents on the dollar, according to MaketAxess.
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