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Netflix to raise €1 bn debt

MUMBAI: Internet TV network Netflix has announced that it intends to offer, subject to market and other considerations, €1 billion aggregate principal amount of senior notes through an offering outside the US to non-US persons and to qualified institutional buyers.

Netflix said that it 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.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.


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