LOS GATOS, Calif., Oct. 23, 2017 /PRNewswire/ -- Netflix, Inc.
(Nasdaq: NFLX) today announced that it intends to offer, subject to
market and other considerations, $1.6
billion aggregate principal amount of senior notes (the
"Notes") through an offering 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 interest rate, redemption provisions, maturity date and
other terms of the Notes will be determined by negotiations between
Netflix and the initial purchasers.
Netflix intends to use the net proceeds from this offering for
general corporate purposes, which may include content acquisitions,
production and development, capital expenditures, investments,
working capital and potential acquisitions and strategic
transactions.
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy the Notes, nor shall there be any
offer, solicitation or sale in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful. The Notes
have not been registered under the Securities Act or any state
securities laws and may not be offered or sold in the United States absent registration or an
applicable exemption from such registration requirements.
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SOURCE Netflix, Inc.