Netflix prices upsized bond offering

|By:, SA News Editor

Netflix (NFLX -1.2%) pricing its €1.3B senior note offering with a coupon rate of 3.625%.

The offering was upsized from an original amount of €1B.

Netflix says it intends to use the net proceeds from the offering for general corporate purposes. Those purposes could include content acquisitions, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.

Previously: Netflix announces proposed €1B offering (April 24)

Source: Press Release