Netflix (NFLX) Sells More Debt than Expected in Offering
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S&P Revises BB- Rating on Netflix (NFLX) to Negative; Cites Higher Debt Leverage
January 29, 2013 2:17 PM ESTS&P revises its BB- rating outlook on Netflix, Inc. (NASDAQ: NFLX) from Stable to Negative.
The firm cites an increase in debt leverage as well as negative discretionary cash flow in 2013 and potentially into 2014 as Netflix increases spending on original programming.
Netflix is up 3.4 percent on the session Tuesday.... More
Netflix (NFLX) Announces $400M Senior Notes Offering
January 29, 2013 7:50 AM ESTNetflix, Inc. (Nasdaq: NFLX) today announced that it intends to offer, subject to market and other considerations, $400 million aggregate principal amount of senior notes due 2021 (the "Notes") through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as... More
