Netflix plans offering of $200M senior notes

Los Gatos, Calif. Netflix said Wednesday it is planning an offering of $200 million senior unsecured notes due 2017.

The company plans to use the offering's proceeds to pay back outstanding amounts under a credit facility and to end the agreement. It will also use funds for possibly buybacks and general corporate purposes such as capital expenditures, working capital and potential acquisitions.

Netflix said the offering's pricing and other terms would be detailed later.