Netflix, Inc., said it intends to offer, subject to market and other considerations, $1.6 billion aggregate principal amount of senior notes.
The Netflix notes will be done through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States to nonU.S. persons pursuant to Regulation S under the Securities Act. The interest rate, redemption provisions, maturity date and other terms of the Notes will be determined by negotiations between Netflix and the initial purchasers.
Netflix said it intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.