Netflix to Raise $1.1 Billion in New Debt From Non-U.S. Lenders

Netflix’s long-term debt has not been a major drag on earnings. The company reported $46.74 million in interest expense for the first quarter of 2017, on revenue of $2.67 billion. The No. 1 subscription-video streamer needs more debt because cash generated from operations simply isn’t enough to sustain the investment in original content in the year ahead. – Todd Spangler, Variety http://ift.tt/2pXmzKF

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