Netflix to Issue $1.8 Billion in Debt to Refinance Maturing Obligations

The streaming giant aims to manage its $12.2 billion long-term debt with new investment-grade bonds due in 2034 and 2054.

Netflix's first debt offering since its credit upgrade to investment-grade status by Moody's and S&P Global.
The company plans to use the proceeds for general corporate purposes and refinancing $1.8 billion in maturing debt.
The new bonds include $1 billion at 4.9% interest due in 2034 and $800 million at 5.4% interest due in 2054.
Netflix currently has about $14 billion in outstanding debt, less than many traditional media companies.
Recent upgrades reflect Netflix's strong balance sheet, subscriber growth, and revenue expansion expectations.