Netflix Raising $1.8B in New Debt Offering
Netflix is raising cash, seeking to secure $1.8 billion in a new debt offering.
The company says it will use the cash to refinance existing debt that is coming due in the next year, and for “general corporate purposes,” per a securities filing filing. The streaming giant, it should be noted, is expanding its content offering over the next year to include the WWE (to the tune of around $500 million per year) as well as a pair of NFL games on Christmas Day, which will cost it low to mid nine figur...
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