Netflix wipes their ass with a billion dollars. They don't need to sell bonds for that, they can take it out of petty cash.
Selling bonds is an odd move, they don’t have any real collateral for the investors to get back their money first making it incredibly risky to hold the bond. What do you take? The original series IP and then try to sell it to a different studio?
I don’t know about this, are there other examples of tech companies with minimal physical collateral selling bonds/senior notes?
Regardless they have tons of assets, their entire film and television catalog. There's a big market to content rights, and it's pretty liquid right now with covid halting new production while viewership skyrockets.