Netflix aims to raise another $2 billion in debt as content budget reaches $15 billion

//Netflix aims to raise another $2 billion in debt as content budget reaches $15 billion

Netflix aims to raise another $2 billion in debt as content budget reaches $15 billion

Netflix Inc. announced on Tuesday its intentions to raise another $2 billion in debt financing. The Los Gatos-based streaming giant said that it will offer senior unsecured notes in two series through an offering to qualified institutional buyers. Netflix said that it will use the funds for "general corporate purposes" including content, which the company confirmed in its Q3 shareholder letter last week will total $15 billion in 2019 — its biggest annual content budget yet — as it braces for…

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By | 2019-10-21T20:44:59+00:00 October 21st, 2019|Media|

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