Netflix To Raise $1.8 Billion: Here's How The Company Is Using Funding From First Debt Offering In 4 Years
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) is raising $1.8 billion through its first debt offering since 2020 to refinance existing debt and for general corporate purposes. The company, which ended Q2 with 277.65 million global paid subscribers, aims to maintain its leadership in the streaming sector. The new funds could also be used for acquisitions in streaming or gaming.
July 31, 2024 | 2:23 pm
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Netflix is raising $1.8 billion through a debt offering to refinance existing debt and for general corporate purposes. This move could help the company maintain its leadership in the streaming sector and potentially fund acquisitions in streaming or gaming.
The debt offering provides Netflix with additional capital to manage its existing debt and invest in growth opportunities. This is likely to be viewed positively by investors, as it shows the company's proactive approach to maintaining financial health and competitive edge.
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