After Uber, Netflix May Be Next to Tap Starved Junk Market
- TV network has fast Ebitda growth to counter high cash burn
- Window is open, though next Netflix maturity not until 2021
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Investors should get ready for a new bond issue from Netflix Inc.
Following a bullish earnings surprise on Tuesday that boosted the stock by almost 10 percent, the world’s largest television network may seek to ride on the coattails of Uber Technologies Inc., which this week raised $2 billion amid the biggest high-yield issuance slump in a decade. Yesterday’s hawkish Federal Reserve minutes served as a reminder of higher borrowing costs ahead.