Netflix Plans $2 Billion Bond Offering To Fund New Content

Dade Hayes, Deadline.com
Mon, 10/22/2018 - 6:48am

Netflix said it is planning to raise $2 billion from an offering of bonds (mostly in euros and U.S. dollars) to qualified institutional buyers. The debt raised by the offering will be used for “general corporate purposes,” including content production, acquisition and development. The company said the interest rate and maturity of the bonds will be set at a later date. The company’s stock price, which has risen more than 60% in 2018 to date, dropped more than 1% in early…

Topics: u.s netflix billion bond offering content date company

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Netflix Plans $2 Billion Bond Offering To Fund New Content

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