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Netflix sinks after saying its going to issue $1.5 billion of junk bonds (NFLX)

pulse

April 23, 2018 8:22 PM

The streaming giant already has about $6.5 billion in debt on its books.

Shares of
This latest round of junk bond offerings will add to Netflix's total accrued debt of $6.5 billion disclosed on its latest quarterly filing last week. The company is seeking yields between 5.75% and 6%,
Netflix is stuck in a growing battle between bulls and bears.
On one hand, cynics like
On the other, optimists like Stephen Ju of Credit Suisse say
Netflix has outperformed its so-called FAANG peers in 2018 so far, and is up 58% since the beginning of the year.