NETFLIX PLANS TO RAISE USD 1.5 BILLION IN DEBT
NexTV News | April 24, 2018
Netflix announced on Monday that it planned to raise USD 1.5 billion in debt. The company said it intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, potential acquisitions and strategic transactions, among others.The streaming giant had raised $1.6 billion in debt last October to finance its content offer in 2018. According to the company, this year it plans to invest USD 8 billion to increase its online catalog.