S&P Cuts Netflix (NFLX) to 'B+';Outlook Negative

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Moody's Rates New Netflix (NFLX) Unsecured Notes at 'B1'

February 2, 2015 11:51 AM EST

Moody's Investors Service assigned a B1 -- LGD4 rating to Netflix Inc.'s (Netflix)(Nasdaq: NFLX) new senior unsecured notes of benchmark size. Proceeds from the issuance will be used for general corporate purposes and to finance the company's business plan, including increasing investments in original programming and accelerated expansion in new international territories. The new senior unsecured notes will rank pari passu with the company's existing $500 million 5.375% senior unsecured notes due 2021, $400 million 5.75% senior unsecured notes due 2024 and other unsecured non debt obligations at Netflix's operating subsidiaries. We estimate that pro forma for the new notes... More

Netflix (NFLX) Announces $1B Senior Debt Offering

February 2, 2015 7:59 AM EST

Netflix (NASDAQ: NFLX) announced that it intends to offer, subject to market and other considerations, $1 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... More

Netflix (NFLX) plans $1 billion senior notes offering - Bloomberg

February 2, 2015 7:58 AM EST

Netflix (NASDAQ: NFLX) plans $1 billion senior notes offering - Bloomberg

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