Netflix is looking to raise $1.5 billion in debt, with plans to use the money for content acquisitions, “strategic transactions” and other general corporate purposes.
Netflix said it intends to offer, subject to market and other considerations, $1.5 billion aggregate principal amount of senior notes to qualified institutional investors. The net proceeds from this offering will go toward “general corporate purposes,” including content acquisitions, production and development, as well as capital expenditures, investments, working capital and potential acquisitions and strategic transactions.
Last October, Netflix raised $1.6 billion in debt. In its latest quarterly report, the video streaming giant revealed it had $6.5 billion in long-term bond debt.