Netflix begins exchange offer for senior notes
By APTuesday, December 22, 2009
Netflix begins exchange offer
LOS GATOS, Calif. — Netflix Inc. on Tuesday said it has begun an offer to exchange up to $200 million of its senior notes — at 8.5 percent and due 2017 — with original notes under the same terms issued in private placement.
The exchange offer will expire on Jan. 28.
Shares of Netflix fell 35 cents to close at $53.61 Tuesday.
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