Netflix Is Raising Another $1 Billion in Debt
Following its highly anticipated first-quarter earnings release on Tuesday -- which showed a massive gain of 15.8 million subscribers -- Netflix (NASDAQ: NFLX) has announced that it is again tapping the debt markets to raise fresh capital. The company is offering $1 billion in senior notes to qualified institutional investors, through a combination of notes denominated in U.S. dollars and euros.
That money will primarily help fund original content production, but Netflix says it might also use the cash for acquisitions or other strategic deals.
Image source: Netflix.
Source Fool.com
