Netflix Inc. announced on Wednesday its intentions to raise another $1 billion in debt financing.
The Los Gatos-based streaming giant said it will offer senior unsecured notes in two series through an offering to qualified institutional buyers.
Netflix said it will use the funds for “general corporate purposes” — including content acquisitions, production and development, capital expenditures, investments, working capital, and potential acquisitions and strategic transactions.
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Source: The Business Journal
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