Netflix to Raise $2 Billion to Fund New Content

Netflix announced Monday that its raising another $2 billion in debt — the third time in a year the company has offered more than $1 billion in debt securities — as it looks to fund its aggressive content strategy. “Netflix intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions,” the compan...