Netflix raises USD 400 mln from share, notes offering

Tuesday 22 November 2011 | 09:18 CET | News
Online movie rental company Netflix announced the pricing of equity and convertible notes financings totaling USD 400 million. The company said that USD 200 million was raised through the sale of shares to certain funds and accounts managed by T. Rowe Price Associates. Netflix agreed to sell around 2.86 million shares at USD 70.00 per share, for a total of USD 200 million gross proceeds. The offering will close on or about 28 November, subject to customary closing conditions. Another USD 200 million was raised through the private placement of convertible notes to funds affiliated with

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Categories: Internet
Companies: Netflix
Countries: United States
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