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Netflix to raise $2B to fund more content spending

Netflix Inc. planned yet another $2 billion debt offering to fund content acquisitions as well as production and development, among other general corporate purposes.

The streaming giant said it will raise the funds via an offering of U.S. dollar-denominated and euro-denominated senior unsecured notes in two series. The interest rate, redemption provisions, maturity date and other terms of each series of notes will be determined by talks between Netflix and the initial purchasers.

Netflix also plans to use the proceeds from the offering for capital expenditures, investments, strategic transactions, and working capital and potential acquisitions, according to an Oct. 21 company release.