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Netflix loosens wallet to fund content, plans to raise USD 1 Billion for debt

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In a move to acquire and produce content, Netflix has made up it’s mind to chuck out a billion dollars for long term debt. Netflix noted that the interest rate, maturity date and other terms of the debt will be determined via negotiations with the initial purchasers. As of the end of 2014, Netflix reported $900 million in long-term debt on its balance sheet.

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