Market Overview

Netflix Prices $500M Offering of Senior Notes

Share:
Related NFLX
Chicago's 'Cloud Tax' Could Help Netflix, Drive Others Out Of City
Thursday's Top 10 Volume Stocks
What The Latest Time Use Survey Says About American Culture... And Netflix (Seeking Alpha)

Netflix, Inc. (Nasdaq: NFLX) today announced the pricing of an offering of $500 million aggregate principal amount of its 5.375% senior notes due 2021 (the "Notes"). The Notes are being offered 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 sale of the Notes is expected to close on February 1, 2013, subject to the satisfaction of customary closing conditions.  Interest on the Notes will accrue at a rate of 5.375% per year, and will be payable in cash semi-annually in arrears, beginning on August 1, 2013. 

Posted-In: News Offerings

 

Related Articles (NFLX)

Around the Web, We're Loving...

Get Benzinga's Newsletters