(Bloomberg) -- Netflix Inc. is testing potential investor interest for its first investment-grade bond sale that would help refinance $1.8 billion of...
-- Netflix Inc. is testing potential investor interest for its first investment-grade bond sale that would help refinance $1.8 billion of maturities, according to people with knowledge of the matter.The sale is expected to include notes maturing in at least ten years or longer said the people, who asked not to be identified because the discussions are private. Morgan Stanley , Goldman Sachs Group Inc., JPMorgan Chase & Co. and Wells Fargo & Co. arranged an investor call held on Monday.
Moody’s cited similar reasons when it elevated Netflix ratings one notch to Baa1 from Baa2, adding that it expects the company to maintain a disciplined approach toward sustaining a “healthy balance sheet and keeping ample liquidity.” The company last tapped the primary debt markets in April 2020 when orders for its $1 billion offering, split between dollars and euros, were about ten times the offering size, according to people familiar with the matter.“General Hospital ”Star Emma Samms Set to Return to Soap Opera as Holly SuttonJansen is set to succeed current WPP chair Roberto Quarta and the decision could be announced as early as Tuesday, the report added.
A city in Southern California has become the first in the nation to replace its police patrol cars with electric vehicles, officials announced Monday, unveiling a fleet of 20 new Teslas.A coroner's inquest into the death of a First Nations man in B.C. police custody has recommended the province open a sobering centre for those arrested for public intoxication and changes to how police check on those in custody.
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