- Netflix is selling new notes due in 2036, representing its first appearance in the high-grade market since its debut in 2024.
- Initial pricing discussions for the 10-year bonds started at approximately 0.95 percentage points over comparable US Treasuries.
- The offering comes amid increased investor scrutiny regarding the streaming service's future growth prospects as sales expansion moderates.
Quotes
“Netflix Inc. is tapping the US high-grade bond market for the first time since its debut deal two years ago, as slowing sales growth fuels investor scrutiny of the company’s future.”