Here’s how Netflix remains an investment darling despite billions in outstanding debt and a junk rating
|04/26/2019||Posted by BusinessMediaguide.Com under General World News||
- Netflix borrowed $2 billion in junk (not investment grade) bonds on Wednesday from investors hungry to get involved in the company.
- Positive market conditions have made Netflix’s decision to sell more debt lucrative despite its non-stop cash burning spree.
- The company’s $12 billion debt pile and competition from streaming rivals is of little concern to investors and isn’t likely to be anytime soon.
You would think the increasingly competitive landscape for streaming platforms would dim the appeal of Netflix to bond investors but then again Stranger Things have happened.
The streaming platform is under greater pressure to deliver audience growth figures read more >>>