Netflix, Inc. NFLX 0.08% shares are down 0.7 percent on Monday after the company announced a new $800 million offering of senior notes.
“Netflix intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, capital expenditures, investments, working capital and potential acquisitions and strategic transactions,” the press release read.
The latest offering is one of several that Netflix has completed in recent years. The intended purpose of the offering, described in the quote above, is repeated nearly word-for-word from the prior two Netflix offerings in February 2015 ($1 billion) and February 2014 ($400 million).
Approximately $175 million of a $400 million January 2013 Netflix offering was used for the same purpose as the other offerings, while $225 million of the money raised went to redeem senior notes due in 2017.
After finishing 2015 as the top-performing stock in the entire S&P 500, Netflix had struggled…
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