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Netflix to issue $2 billion worth of debt,

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DiscoverGold   Tuesday, 04/23/19 09:28:49 AM
Re: None
Post # of 7454 
Netflix to issue $2 billion worth of debt, shares slip
By: MarketWatch | April 23, 2019

Netflix Inc. NFLX, -0.55% said Tuesday it plans to offer $2 billion in U.S. dollar and euro denominated senior unsecured debt. The stock fell 0.6% in premarket trade. The interest rate, maturities and provisions have not yet been determined. The streaming video giant plans to use the proceeds from the debt offering for general corporate purposes, including content acquisitions, production and development and potential acquisitions. The stock has soared 41% year to date through Monday, while the S&P 500 SPX, +0.10% has gained 16%.

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