Netflix Inc., founded in 1997 and headquartered in Los Gatos, California, is a leading global streaming entertainment service that provides a vast library of films, TV shows, and original content to subscribers in over 190 countries. The company revolutionized the way consumers access and enjoy video content, initially starting as a DVD rental service and subsequently transitioning to a subscription-based streaming model that has garnered millions of subscribers worldwide.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Netflix has actively engaged in the bond market, with its first bond issuance dating back to 2015, when it raised $1 billion to fund original content production. The company made headlines in 2020 with a significant $1.5 billion bond offering to further expand its content library amid rising competition. As of October 2023, Netflix's bonds offer yields around 5.5%, which is competitive within the streaming industry. Its most recent issuance included attractive features such as longer maturities and potential call options, indicating confidence in sustained cash flow from subscriber growth, despite fluctuating market conditions.