Netflix is returning to the US investment-grade bond market for the first time since its debut offering in 2024. The streaming giant is selling bonds that will mature in 2036.
According to Bloomberg, initial pricing discussions place the notes at around 0.95 percentage points above comparable US Treasury yields.
Netflix Plans to Repay $1 Billion in Debt
Netflix said it plans to use the proceeds from the bond sale to repay approximately $1 billion of debt that matures later this year.
The company may also use some of the funds for general corporate expenses, according to a regulatory filing.
Strong Demand for Netflix’s Previous Bond Offering
Netflix entered the investment-grade bond market for the first time in 2024. The company raised $1.8 billion through that offering.
Investor demand was particularly strong. Orders reportedly exceeded the amount available by more than ten times, highlighting significant interest in Netflix debt.
Major Banks Manage the Bond Sale
Several leading financial institutions are managing the latest Netflix bond offering.
These include BNP Paribas, Morgan Stanley, RBC Capital Markets and Wells Fargo, according to the report.
