Netflix offers another $2 billion in debt to fuel content spending for the second time in 7 months

Netflix offers another $2 billion in debt to fuel content spending for the second time in 7 months

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/23/netflix-offers-another-2-billion-in-debt-to-fuel-content-spending.html

Netflix plans to offer about $2 billion in debt to fuel its spending on content and other expenses, the company announced in a statement Tuesday. The stock dipped slightly negative on the news, which comes after another $2 billion offering as recently as October.

The move comes as Netflix faces increased competition in the streaming space, and will help fund its purchases of new shows and movies for the service.

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