Netflix Prices $500M Offering of Senior Notes
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.
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