Netflix Plans to Raise $1 Billion in Debt Sale for Production, Acquisitions & More

Netflix will raise $1 billion in debt sales, with plans to use the funding for general purposes, including investing in content, the company announced Wednesday.

“Netflix intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions,” the company said.

Source: Netflix Plans to Raise $1 Billion in Debt Sale for Production, Acquisitions & More