Netflix to Raise $400M in Debt, Potentially to Fund Acquisitions
Internet video streamer will refinance $225M in current debt
By Todd Spangler, Multichannel News -- Broadcasting & Cable, 1/29/2013 9:27:31 AM
The company said it intends to offer $400 million aggregate principal amount of senior notes due 2021 to institutional buyers. Netflix will use $225 million of the net proceeds to redeem its outstanding 8.5% senior notes due 2017.
Netflix said it intends to use the remaining $175 million of the funds for general corporate purposes, including capital expenditures, investments, working capital and potential acquisitions and strategic transactions.
Click here to read the full story at Multichannel News.
No related content found.
No Top Articles
Digital Rapids provides market-leading software and hardware solutions, technology and expertise for transforming live and on-demand video to reach wider audiences on the latest viewing platforms more efficiently, more effectively and more profitably. Empowering applications from..more