April 23, 2018 / 12:34 PM / 3 months ago

Netflix to raise $1.5 billion in debt

(Reuters) - Netflix Inc said on Monday it planned to raise $1.5 billion in debt as the video streaming pioneer continues a rapid expansion in production of original shows.

The Netflix logo is shown in this illustration photograph in Encinitas, California, U.S., on October 14, 2014. REUTERS/Mike Blake/Files

The company said it intends to use the net proceeds from the offering for general corporate purposes, which may include content acquisitions, production.

Reporting by Laharee Chatterjee in Bengaluru; Editing by Saumyadeb Chakrabarty

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