Netflix filed to raise $1.8B in a new debt offering, its first since the company was elevated to investment-grade status by Moody’s and S&P Global in 2023. The company says it will use the cash to refinance existing debt that is coming due in the next year, and for “general corporate purposes,” per the securities filing. “Our management will have broad discretion in the application of the net proceeds, and the purposes for which they are used may change from those described above,” the company wrote in its prospectus.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- TMUS Earnings: T-Mobile Reports Robust Q2 Results, Raises Outlook
- Netflix Stock (NASDAQ:NFLX): Membership Growth Acceleration to Fuel Gains
- Amazon (NASDAQ:AMZN) Plays Hardball on Ad Pricing
- Trade Desk price target raised to $115 from $100 at Macquarie
- Netflix should be bought on the recent selloff, says Oppenheimer