Netflix Again Raising $1.5 Billion In Debt Financing Amid Aggressive Content Push

For the second time in exactly six months, Netflix is looking to the debt market to fund its skyscraping content ambitions.

The streamer announced this morning that it will vend $1.5 billion in senior notes — or the type of debt that a company must repay first if it goes out of business — to fund content acquisition as well as production and development initiatives. Last October, Netflix made a similar debt offering of $1.6 billion to help finance the $8 billion it plans to spend on both original and licensed content throughout 2018. The latest round of notes will reportedly be sold later today, per Bloomberg

The fundraising arrives on the heels of a massive quarter at Netflix, during which the company added 7.4 million subscribers — its biggest Q1 gain to date — for a total of 125 million subscribers globally. To date, Netflix has sold a total of $6.5 billion in long-term debt.