Cable / Telecom

Netflix to raise $1.6B for new content

LOS GATOS, CA – Netflix is selling $1.6 billion worth of senior notes to help pay for new shows.Monday’s release said that the notes will be offered to "qualified institutional buyers" and that the interest rate, redemption provisions, maturity date and other terms will be determined by negotiations between Netflix and the initial purchasers.“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”, continues the