Netflix Looks to Raise Another $1 Billion in Debt for Content & More

Netflix is planning to issue €1 billion ($1.08 billion) in senior notes for “general corporate purposes,” including content acquisitions.

The streaming giant intends to offer €1 billion aggregate principal amount of senior notes through an offering outside the United States to “non-U.S. persons.” Among the areas that Netflix plans to use the net proceeds for are content acquisitions, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.