Netflix to Raise $1.5 Billion in Debt for Content Acquisitions & More

LOS GATOS: Netflix is raising $1.5 billion in new debt, up from the previously planned $1 billion, to use for content acquisitions, investments and potential acquisitions, among other purposes.

The company is planning to raise the cash through a $700 million bond issue due in 2022 and another $800 million bond due in 2025. The size of the offering was increased from the previously announced $1 billion in aggregate principal amount. Netflix said it intends to use the proceeds from the offering for "general corporate purposes, which may include content acquisitions, capital expenditures, investments, working capital and potential acquisitions and strategic transactions."