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Netflix To Offer $200 Million Of Senior Notes

Oct 29, 2009 (FinancialWire via COMTEX) --

Company: Netflix, Inc. (NFLX)

(Comment on this article at http://www.financialwire.net/2009/10/29/netflix-to-offer-200-million-of-senior-notes/)

October 29, 2009 (FinancialWire) -- Netflix, Inc. (NASDAQ: NFLX) plans to offer $200 million of senior notes to institutional buyers.

The notes will be senior unsecured obligations of Netflix. Interest will be payable semi-annually.

Netflix plans to use the net proceeds of the offering to repay all outstanding amounts under, and terminate, a September 2009 credit agreement, and for possible future stock repurchases and general corporate purposes, including capital expenditures, working capital and potential acquisitions and strategic transactions.

Los Gatos, California-based Netflix is an online movie rental service with more than 10 million subscribers.

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News Provided by COMTEX

Company: Netflix, Inc. (NFLX)


Related terms: acquisition, california, corporate, movie, nasdaq, online, web

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