Netflix to Raise Another $2 Billion in Bond Offering as Streaming Wars Heat Up

  • The Wrap
Netflix plans to raise $2 billion dollars for what it refers to as “general corporate purposes,” which it says “may include content acquisitions, production and development,” among other things. Here is the full relevant language from the Securities and Exchange Commission filing: “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 senior unsecured notes, which reach $2 billion in aggregate in U.S. dollar and euro denominations, will be offered in two series. Also Read: 'El Camino: A Breaking Bad Movie' Draws 6.5 Million Viewers During Its First Weekend, Nielsen Says Netflix reported its third-quarter 2019 earnings last week, when it surpassed earnings expectations but narrowly missed out on hitting the 7 million new subscribers it had forecast. The streaming service’s Q3 earnings came as it’s
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