Netflix Raising $400 Million In Debt To Go Partially Towards Original Programming
Netflix is planning to raise money to use partially towards original programming. Netflix will be raising $400 million in debt and will use $225 million of that money to refinance some of their existing notes.
Netflix will be using the remainder of the money for “general corporate purposes, including capital expenditures, investments, working capital and potential acquisitions and strategic transactions.”
Netflix has five original series shows that they are working on including “House of Cards” and the new season of “Arrested Development.” House of Cards is a $100 million production put together by Kevin Spacey that is premiering on Friday.