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Netflix Files To Sell $1.8B In Debt, Following Through On Plan Tipped In Q2 Shareholder Letter
Netflix has filed to sell $1.8 million in debt, the first such offering since the company's debt was upgraded to investment-grade status last year.
NetflixNetflix Netflix has filed to sell $1.8 million in debt, the first such offering since the company received an upgrade last year from credit ratings agencies Moody’s and S&P to investment-grade status. In its upgrade, Moody’s credited Netflix with maintaining “healthy balance sheet and keeping ample liquidity.” The company has streamlined its operations over the past couple of years, undergoing layoffs and cost reductions while also and mounting a new advertising tier in late-2022. On the expense side, along with a set of pricey film and TV bets, the company has also become a player in sports and other live programming, giving it another reason to continue shoring up its financial position.
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