Netflix plans $2 billion bond offering to finance content, production and potential deals

Streaming giant Netflix Inc.

said Monday it is planning a $2 billion bond offering as it seeks to raise the funds to finance content acquisition, production and development and potential acquisitions, among other factors. The company said it is planning to issue bonds in dollars and euros. The company's most active bonds, the 5.875% notes that mature in November of 2028, traded Friday a yield spread of 271 basis points over comparable Treasurys, according to MarketAxess. Shares were down 0.

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Netflix Sets Plan For $2B Bond Offering, Extending Reliance On Debt As It GrowsNetflix said Monday it is returning to the bond market, planning a $2 billion offering that will continue the streaming giant’s oft-scrutinized strategy of relying on debt as it grows. The of…
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