Netflix converts full $200 million of zero-coupon senior convertibles

By Tali David

Minneapolis, April 23 - Netflix, Inc. elected to mandatorily convert all of its zero-coupon senior convertible notes due 2018, according to an 8-K filed with the Securities and Exchange Commission.

The company converted $200 million of the convertibles into about 2.3 million of its common stock on April 23.

Netflix is a Los Gatos, Calif.-based movie rental company.

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