Monday, April 23, 2018

Netflix To Raise $1.5 Billion For Content Acquisition

Netflix, the provider of online streaming services which has major operations in Los Angeles, is planning to raise $1.5 billion in debt to fund content acquisition, production and development, potential acquisitions and strategic transactions, and other efforts, the company said this morning. Netflix said that the interest rate, redemption provisions, maturity date and other terms debt will be negotiated with its purchasers. The new funding will undoubtedly impact the Los Angeles region, where Netflix has based most of its content efforts. Netflix most recently was looking to buy LA billboard advertising company Regency Outdoor Advertising, and has a major operation in Hollywood.

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