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Reuters BusinessOct 22, 2018
Netflix adds to growing debt pile with $2 billion bond issue
Netflix Inc announced on Monday it will tap debt markets for a second time this year, aiming to raise another $2 billion as the streaming video pioneer invests heavily in production of original shows and content acquisition to fend off intensifying competition.

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Netflix Increases Debt by $2 Billion to Fund Programming Push - Hollywood Reporter (Google Business News)

Reuters Company NewsOct 22, 2018
UPDATE 3-Netflix adds to growing debt pile with $2 bln bond issue
Netflix Inc announced on Monday it will tap debt markets for a second time this year, aiming to raise another $2 billion as the streaming video pioneer invests heavily in production of original shows and content acquisition to fend off intensifying competition.

MarketWatch MarketPulseOct 22, 2018
Moody's rates Netflix's new junk bonds at Ba3
Moody's Investors Service assigned a Ba3 rating to Netflix Inc.'s proposed offering of $2 billion of senior notes. The deal will bring Netflix's gross leverage to 5.2 times for the 12 months ended Sept. 30, the agency said in a note. "However, despite the continuing issuances of debt to fund the company's negative cash flows, we expect leverage to drop gradually over time as the transition from licensed content to produced original content levels off and newer international markets begin to contribute to profits and overall margins improve," said Moody's. Gross leverage is expected to fall back to around 6.0 times by end 2018 and to be below 5 times by end 2020 as EBITDA growth outpaces growth in content spend and debt. Netflix's most active bonds, the 5.875% notes that mature in November of 2028, were barely changed on Monday, according to MarketAxess. The stock was down 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchOct 22, 2018
The New York Post: The first thing the Mega Millions winner should do — according to the guy who runs the lottery
Another piece of advice: Get a good financial planner. The jackpot is at an estimated $1.6 billion.

Google Business NewsOct 22, 2018
Netflix to raise $2 billion in debt to fund more original content - TechCrunch

Channel NewsAsia


Netflix's commitment to growing its original content collection will see the company again returning to debt markets to raise more financing, the company announced today. According a release published to its investors site, Netflix says it plans to
Netflix Plans to Raise


Google Business NewsOct 22, 2018
Here's the tax bite on $1.6 billion Mega Millions and $620 million Powerball jackpots - CNBC

CNBC


While it's anyone's guess who will end up winning the Mega Millions and Powerball jackpots, there's at least one guaranteed recipient of a chunk of the loot — the IRS. With the Mega Millions jackpot at $1.6 billion and Powerball's top prize at $620
Ready to be Powerball or Mega Millions


Reuters BusinessOct 22, 2018
Linde-Praxair deal clears final hurdle with U.S. antitrust nod
Industrial gases groups Praxair and Linde won U.S. antitrust approval for their $86 billion merger on Monday, clearing the last hurdle for the deal in the nick of time.

RELATED ARTICLES
U.S. antitrust nod moves Linde-Praxair deal over finish line (Reuters Business)

Google Business NewsOct 22, 2018
Record $1.6B jackpot too much of a good thing for some lottery players - USA TODAY

USA TODAY


Kristin Lam,Geoff Morrow and John Bacon, USA TODAY Published 12:30 p.m. ET Oct. 22, 2018 | Updated 12:39 p.m. ET Oct. 22, 2018. CLOSE. With the Mega Millions lottery jackpot at a record $1.6 billion, people are snapping up tickets across the U.S. Mega ...


Google Business NewsOct 22, 2018
Netflix Plans to Raise $2 Billion in New Debt to Fund Content Spending - Variety

Variety


Netflix is again going to debt markets to fund its enormous appetite for content, announcing plans Monday to raise $2 billion in financing through debt securities. As of Sept. 30, 208, Netflix reported $8.34 billion in long-term debt, up 71% from $4.89
Netflix unveils $2 billion debt


WSJ US NewsOct 21, 2018
A Billionaire Pledges to Fight High Drug Prices, and the Industry Is Rattled
Ex-energy trader John Arnold has put $100 million behind efforts to curb prices. Drugmakers say his view is flawed and oversimplified, and will restrict patients' access to important medicines.
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