Netflix to Raise $2 Billion in Debt for Program Spending

ADVERTISEMENT

Netflix is looking to raise $2 billion in financing through debt securities, with plans to use the proceeds for “general corporate purposes,” including more content acquisitions and the development and production of original programming.

As of September 30, Netflix reported $8.34 billion in long-term debt, up 71 percent from $4.89 billion a year ago. Last October, the company offered $1.6 billion in notes, and there was another round in April for $1.9 billion.

Among the other proposed uses for the proceeds, according to Netflix, are capital expenditures, investments, working capital and potential acquisitions and strategic transactions.