Netflix is raising another $2 billion in debt to fund its content spending and other expenses, the company announced this morning. The news comes ahead of the launches of new streaming service competitors from Disney, Apple, and AT&Ts WarnerMedia. It also follows Netflixs offer of another $2 billion in debt back in October 2018.
The streaming service says it plans to use the debt funding for general purposes, including content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.
The funds will be raised through unsecured notes that will be issued in two series in both U.S. dollars and euros, it says.
Netflix spends a lot of cash to stay a…
Read the full article at: https://techcrunch.com/2019/04/23/netflix-offers-2-billion-more-in-debt-to-fund-its-content-spending/