Netflix said it completed a registered public offering of $1 billion in 4.90% senior unsecured notes due 2034 and $800 million in 5.40% senior unsecured notes due 2054 on August 1, 2024.

1. 01

   Netflix said it completed a registered public offering of $1 billion in 4.90% senior unsecured notes due 2034 and $800 million in 5.40% senior unsecured notes due 2054 on August 1, 2024.

2. 02

   Netflix issued the notes under an underwriting agreement dated July 30, 2024 with Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the underwriters.

3. 03

   The company said it intends to use the net proceeds from the offering to repay its 5.875%, 3.000% and 3.625% senior notes maturing in 2025, and for general corporate purposes.

4. 04

   The company said the notes were issued under a base indenture dated July 29, 2024 and a supplemental indenture dated August 1, 2024, with Computershare Trust Company, National Association as trustee, and were issued and sold under a Form S-3ASR registration statement.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.