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Netflix will raise another $1.5 billion in debt to fund content and other ‘strategic transactions’

April 23, 2018

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Netflix has announced that it plans to raise another $1.5 billion in debt for “general corporate purposes” such as content, acquisitions, and capital expenditure, among other “strategic transactions,” according to a statement issued by the company.

The news comes just a week after Netflix reported strong Q1 2018 earnings, beating both revenue and new subscriber estimates. Indeed, the company added 7.4 million new subscribers in the first quarter, up 50 percent on last year, while revenue crept past $3.7 billion, a 40 percent increase on the same period last year.

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