Related Issuers
by Stephen Carter
Apr 23, 2020 9:59 AM ET
Netflix Inc (NFLX) $1bn equivalent (USD and EUR) (will not grow) 144A/Reg S sr notes 2-part due June 20225 (5y). NCL (MWC T+50bp) (3mo par call). Ba3/BB-(positive/stable). Via MS/GS/JPM/DB/WFS joint books. No reg rights. Approx 50/50 tranche split expected.
- USD TBA. IPT: US$ 4.00%-4.125%. Px talk: 3.75% area. Update: will likely price at 3.625%.
- EUR TBA. IPT 3.50% area. Px talk 3.25% area. Final pxg: 3.00%.
Did investor call at 12:00pm NYT yesterday. EUR books close at 3:15pm UKT. US$ books close at 10am NYT today. Pricing today NY afternoon. UOP: GCP, including content acquisitions, production and development, capex, investments, working capital and potential acquisitions and strategic transactions. Biz: internet entertainment service and on-line video rentals. HQ: Los Gatos, CA.