Netflix has put more bonds into the markets as yield-hungry investors gobble up the company's offering despite the competitive streaming landscape.
Netflix borrowed $2 billion in junk bonds on Wednesday from investors hungry to get involved in the company.
You would think the increasingly competitive landscape for streaming platforms would dim the appeal of Netflix to bond investors but then again Stranger Things have happened. It takes Netflix's total debt to $12.3 billion with the company making no plans to become cash flow positive until 2021 as it continues to splurge on new content.now trading up nine cents on the dollar, meaning that its actual yield has been depressed given the increased bond price.
Importantly, Netflix's repeated issuance — it took out a similar $2 billion bond last October — makes it a highly liquid and attractive option, says John McClain, a portfolio manager at Diamond Hill Capital Management, a US investment firm that manages fixed-income funds.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Netflix is selling additional $2 billion in junk bondsNetflix is returning to the junk-bond market to fund its content expansion as it faces pressure from media giants including Disney, AT&T and Apple.
Weiterlesen »
Saudi Sovereign-Wealth Fund Plans to Raise Billions in Debt for InvestmentsSaudi Arabia’s sovereign-wealth fund is planning to tap the debt market for billions of dollars it needs for investments to help deliver Crown Prince Mohammed bin Salman’s ambitious economic overhaul.
Weiterlesen »
Netflix to issue $2 billion worth of debt, shares slipNetflix Inc. 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...
Weiterlesen »
Perspective | What ‘Junk’ tells us about America’s relationship with debtThe junk bond masters taught Americans to embrace the inevitability of debt. Like the locusts that devour companies, American consumers often take on loads of debt to the detriment of their financial health.
Weiterlesen »
Here's why Facebook is paying a fine of $3 billion to $5 billionAs part of a 2011 agreement with the FTC, Facebook agreed to get users' consent before sharing their data with third parties, like Cambridge Analytica.
Weiterlesen »
Foxconn says it remains committed to Wisconsin investment projectTaiwan's Foxconn said on Friday it remains committed to its contract to bui...
Weiterlesen »
Warren unveils $640 billion college debt forgiveness planCOLUMBIA, S.C. (AP) — Democrat Elizabeth Warren is proposing the elimination of existing student loan debt for millions of Americans, part of a sweeping set of education funding proposals announced as she and other presidential candidates seek to differentiate themselves in a sprawling field.
Weiterlesen »
Elizabeth Warren proposes canceling billions in student loan debtU.S. Senator Elizabeth Warren, who is seeking the Democratic nomination for the ...
Weiterlesen »
Durable-goods orders grow at fastest rate in 7 months as business investment reboundsOrders for long-lasting durable goods posted the biggest increase in March since last summer, potentially signaling a small rebound in the slower-growing...
Weiterlesen »
Warren proposes $640 billion student debt cancellationSen. Elizabeth Warren proposes canceling approximately $640 billion in outstanding student loan debt
Weiterlesen »
Uber's self-driving unit secures $1-billion investment ahead of IPODenso Corp., Toyota Motor Corp. and SoftBank Group Corp.’s Vision Fund bought stakes in the self-driving unit, valuing the arm at $7.25 billion, which will help Uber fund a very costly endeavor.
Weiterlesen »