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Netflix to raise $1.5 billion in debt

MUMBAI: Internet TV service provider Netflix has announced the pricing of an offering of senior notes worth $1.5 billion. The size of the offering increased from the previously announced $1 billion in aggregate principal amount.

The sale of the notes is expected to close today (5 February).

Netflix intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.