Netflix is planning its biggest bond offering to date in order to fund its huge content budget.
The company will issue another $1.6 billion in high-yield junk bonds, and will use the funds generated from the sale for “general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions,” it said in a statement.
The 4.875% senior notes will be due 2028. The sale of the notes is expected to close on October 26, subject to the usual conditions.
