Netflix announced its return to the U.S. high-grade bond market on July 20, 2026. This issuance represents the company's first investment-grade sale since 2024. The company filed a notice with the SEC to issue senior notes maturing in 2036.
Proceeds will be used to repay approximately $1 billion in senior notes due later in 2026. Remaining capital will be allocated toward general corporate purposes. The move utilizes Netflix's upgraded credit status to access lower borrowing costs than its historical high-yield debt.
Netflix shares declined 1.9% following the news.