Netflix Announces Expiration and Results of Exchange Offer for its 8.50% Senior Notes Due 2017
February 04 2010 - 3:10PM
PR Newswire (US)
LOS GATOS, Calif., Feb. 4 /PRNewswire-FirstCall/ -- Netflix, Inc.
(NASDAQ: NFLX) today announced the expiration and results of its
exchange offer (the "Exchange Offer") to exchange up to $200.0
million in aggregate principal amount of its 8.50% Senior Notes due
2017 that have been registered (the "Exchange Notes") under the
Securities Act of 1933, as amended, for the same principal amount
of its outstanding 8.50% Senior Notes due 2017 (the "Original
Notes"). The expiration for the Exchange Offer occurred at 5:00
p.m., New York City time, on January 29, 2010 and the settlement
date of the Exchange Offer was February 4, 2010. According to Wells
Fargo Bank, National Association, the exchange agent for the
Exchange Offer, the Company received valid tenders from holders of
$200.0 million aggregate principal amount, or 100%, of Original
Notes. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy any of the Exchange Notes or
any other security, and shall not constitute an offer, solicitation
or sale in any jurisdiction in which or to any persons to whom such
offering, solicitation or sale would be unlawful. The Exchange
Offer was made only pursuant to Netflix's prospectus dated December
21, 2009, which was filed with the Securities and Exchange
Commission as part of Netflix's Registration Statement on Form S-4.
DATASOURCE: Netflix, Inc. CONTACT: Steve Swasey of Netflix,
+1-408-540-3947 Web Site: http://www.netflix.com/
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