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

Netflix is planning to offer another $2 billion in debt to help drive original production and content acquisitions, among other expenses.

The streaming giant intends to offer approximately $2 billion worth of bonds to institutional buyers. Netflix intends to use the net proceeds from this offering for “general corporate purposes,” which it said may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.

This is the second time this year it has raised its debt. In April, Netflix offered $2 billion in new debt after issuing another round of notes several months earlier.

Netflix ended its most-recent fiscal period with more than $12.4 billion in long-term debt.