Netflix aims to raise another $2 billion in debt as content budget reaches $15 billion

Annlee Ellingson
Netflix aims to raise another $2 billion in debt as content budget reaches $15 billion

Netflix Inc. announced on Tuesday its intentions to raise another $2 billion in debt financing. Netflix (NASDAQ: NFLX) said that it will use the funds for "general corporate purposes" including content, which the company confirmed in its Q3 shareholder letter last week will total $15 billion in 2019 — its biggest annual content budget yet — as it braces for the launch of two new rival streaming services next month from Disney and Apple. If this story sounds familiar, that's because it is — Netflix routinely raises money through new debt, last raising $2.2 billion in junk bonds in April.