Netflix Inc.’s said Wednesday that its 1.3 billion euro senior note offering was priced with a 3.625% coupon payment. The offering was increased to 1.3 billion euro, which is the equivalent of about $1.4 billion, from 1.0 billion euro. The notes, which will mature on May 15, 2027, will yield well above that of the equivalent 10-year government bonds, which yield 0.35%. The sale is expected to close on May 2, which interest payable in cash semiannually beginning Nov. 15. Netflix plans to use the proceeds from the offering for general corporate purposes, including content acquisition, capital expenditures and potential acquisitions. The stock, which shed 1.3% in afternoon trade, has run up 21% year to date, while the S&P 500 has gained 7%.
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