Netflix Looks to Raise Another $2 Billion in Debt for Content Spending

Netflix is planning to offer another $2 billion in senior notes to fund, among other things, content acquisitions, production and development.

Subject to market and other considerations, Netflix will offer approximately $2 billion aggregate principal amount to be raised through unsecured notes that will be issued in two series in both U.S. dollars and euros. The company offered another $2 billion in debt as recently as October.

The plan is to use the net proceeds from this offering for “general corporate purposes,” which may also include capital expenditures, investments, working capital and potential acquisitions and strategic transactions.