Netflix, Inc. (NASDAQ: NFLX) sells $1B 5.250% senior notes due 2036
Rhea-AI Filing Summary
Netflix, Inc. completed a registered public offering of $1 billion in principal amount of 5.250% senior unsecured notes due 2036. The notes were issued under an indenture with Computershare Trust Company, National Association, as trustee, and sold pursuant to an Underwriting Agreement with BNP Paribas Securities Corp., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters.
Netflix intends to use the net proceeds to repay at maturity its outstanding 4.375% Senior Notes due 2026 and for general corporate purposes. The notes were issued under an automatic shelf registration statement on Form S-3ASR, with the underwriting agreement, base indenture, second supplemental indenture, form of notes and related legal opinion filed as exhibits.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
New notes principal amount: $1 billion
New notes coupon rate: 5.250%
New notes maturity: 2036
+2 more
5 metrics
New notes principal amount
$1 billion
Principal amount of 5.250% senior unsecured notes due 2036 completed on July 22, 2026
New notes coupon rate
5.250%
Interest rate on senior unsecured notes due 2036
New notes maturity
2036
Maturity year of 5.250% senior unsecured notes
Existing notes coupon rate
4.375%
Interest rate on Senior Notes due 2026 to be repaid at maturity using net proceeds
Existing notes maturity
2026
Maturity year of 4.375% Senior Notes targeted for repayment
Key Terms
senior unsecured notes, indenture, Second Supplemental Indenture, registration statement on Form S-3ASR, +1 more
5 terms
senior unsecured notes financial
"completed a registered public offering of $1 billion in principal amount of 5.250% senior unsecured notes due 2036"
Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.
indenture financial
"The Notes were issued pursuant to an indenture dated as of July 29, 2024"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
Second Supplemental Indenture financial
"as supplemented by a second supplemental indenture dated as of July 22, 2026"
registration statement on Form S-3ASR regulatory
"The Notes were issued and sold pursuant to the Company’s registration statement on Form S-3ASR"
A registration statement on Form S-3ASR is a pre-approved filing used by well-established public companies to register securities they may sell over time, with the paperwork becoming effective automatically so offerings can begin quickly. For investors, it matters because it lets a company raise money or issue stock or debt on short notice — like a company keeping a ready-to-use credit line — which can dilute existing shares or change the company’s cash position rapidly.
Underwriting Agreement financial
"pursuant to an underwriting agreement among the Company and BNP Paribas Securities Corp."
An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What new debt did Netflix (NFLX) issue on July 22, 2026?
Netflix issued $1 billion in principal amount of 5.250% senior unsecured notes due 2036. The notes were sold in a registered public offering through a syndicate of underwriters led by BNP Paribas Securities, Morgan Stanley, RBC Capital Markets and Wells Fargo Securities.
What is the interest rate and maturity of Netflix (NFLX)'s new notes?
The new Netflix notes carry a 5.250% interest rate and mature in 2036. They are senior unsecured obligations issued under an existing indenture with Computershare Trust Company, National Association, as trustee, and documented in a second supplemental indenture dated July 22, 2026.
How will Netflix (NFLX) use the net proceeds from the $1 billion notes?
Netflix intends to use the net proceeds primarily for repayment at maturity of its 4.375% Senior Notes due 2026, and for general corporate purposes. This links the new 2036 notes directly to managing the company’s existing 2026 debt obligations and broader funding needs.
Under what registration was Netflix (NFLX)'s 5.250% notes offering conducted?
The 5.250% senior unsecured notes due 2036 were issued under Netflix's registration statement on Form S-3ASR (File No. 333-281071). Related documents, including the underwriting agreement, base indenture, supplemental indenture and legal opinion, were designated to be incorporated by reference into that registration.
Who were the underwriters for Netflix (NFLX)'s new 2036 notes?
The offering was led by BNP Paribas Securities Corp., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC as representatives of the several underwriters. They entered into an underwriting agreement with Netflix dated July 20, 2026, covering the $1 billion notes issuance.