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Netflix To Raise $1.8 Billion: Here's How The Company Is Using Funding From First Debt Offering In 4 Years
Streaming giant Netflix Inc (NASDAQ:NFLX) is raising $1.8 billion in a debt offering. The move is being done to help the company refinance debt and to continue competing in the highly competitive streaming sector.
What Happened: Netflix ended the second quarter with 277.65 million global paid subscribers, adding 8.05 million paid subs in the quarter.
The company continues to be a leader in the streaming space and a new debt offering could be done to continue that leadership.
Netflix is raising $1.8 billion with $1 billion in 4.9% senior notes due in 2034 and ...