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Netflix aims to raise another $2 billion in debt to fund content

Annlee Ellingson
Netflix aims to raise another $2 billion in debt to fund content

Netflix Inc. announced on Tuesday its intentions to raise another $2 billion in debt financing. The Los Gatos, California-based streaming giant said that it will offer senior unsecured notes in two series through an offering to qualified institutional buyers. Netflix (NASDAQ: NFLX) said that it will use the funds for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.