Netflix raising another $400M in debt

|By:, SA News Editor

A year after selling $500M worth of senior notes due 2021, Netflix (NFLX -0.2%) is selling $400M worth of senior notes due 2024. (PR)

The streaming giant only says the funds will be used for "general corporate purposes," a catch-all phrase that covers capex, working capital, and potential acquisitions (among other things). Given Netflix's history, there's a good chance the money will be directed towards new content investments.

Netflix had $1.2B in cash/investments at the end of Q4 to go with $500M in debt. The company's content obligations totaled $7.3B (+$700M Q/Q).