Home » General World News » Netflix is ticking higher after announcing plans to raise $1.6 billion in debt to fund new content (NFLX)

Netflix is ticking higher after announcing plans to raise $1.6 billion in debt to fund new content (NFLX)





netflix stock price

  • 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.

The company’s stock was up 0.32% in early trading to $194.79. Netflix said that the terms of the deal will be sorted out between the company and the first buyers of the debt.

The move comes after Netflix announced a content budget of between $7 billion and $8 billion for 2018. read more >>>

Source:: BusinessInsider.Com

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