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LevFinLevFin High Yield Bonds

Exotic Joe helps Netflix bonds go

Joe Exotic Netflix 575x375 PA

Netflix was set to price a five year euro tranche in a $1bn-equivalent high yield bond at 3% on Thursday evening, proving there is ready market access available for companies that can demonstrate they’re coping with coronavirus. The streaming company saw record subscriber growth and broke into free cash flow territory for the first time, partly thanks its smash hit documentary Tiger King, watched by 64 million households.

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