Netflix is ticking higher after announcing plans to raise $1.6 billion in debt to fund new content (NFLX)
|10/23/2017||Posted by BusinessMediaguide.Com under General World News||
- Netflix announced plans to raise $1.6 billion in debt.
- The funds will be for general purpose uses, including funding new content.
- Shares are ticking higher, up 0.32% ahead of the opening bell
On Monday, Netflix announced it will raise $1.6 billion in debt to fund its ever-increasing content budget.