Summary by Futu AI
Netflix, Inc. has successfully completed a registered public offering of senior unsecured notes on August 1, 2024. The offering includes $1 billion of 4.90% notes due in 2034 and $800 million of 5.40% notes due in 2054. The transaction was conducted under an underwriting agreement with major financial institutions including Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC. The notes were issued following an indenture agreement with Computershare Trust Company, National Association, serving as trustee. Netflix plans to use the net proceeds to repay its outstanding senior notes due in 2025 and for general corporate purposes. The offering was made under Netflix's existing registration statement with the SEC. Relevant documents such as the underwriting agreement, indentures, and legal opinions have been filed with the SEC and are incorporated by reference into the registration statement.