Netflix formally announced today that it will raise $400 million in new debt to fuel international expansions, specifically in Europe, as well for other expenditures, including investments, acquisitions, and reportedly, more original content, too. The company will raise the money by offering institutional investors 10-year senior notes – something it had first disclosed during last month’s Q4 2013 earnings.
Netflix is once again focusing on expanding its streaming video service to new international markets. Today the company announced that it will take on $400 million in new debt, which it plans to use for “general corporate purposes, including capital expenditures, investments, working capital, and potential acquisitions and strategic transactions.” A large chuck of that money will also likely be used to produce more original content and launch Netflix in both Germany and France — a move that has been rumored over the past few months.
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