Netflix will borrow billions of dollars again
Netflix plans to increase its already impressive debt burden. According to CNBC, she intends to borrow another two billion dollars, which is planned to be invested “in the production of original content.” It should be noted that in April 2019, Netflix was already entering the borrowing market, intending to borrow the debt is the same two billion dollars, and before that the streaming service "borrowed" the same amount in October 2018. The company's total debt has already exceeded $ 12 billion, which does not add optimism to investors. In an official statement, Netflix emphasizes that "the interest rate, maturity date and other borrowing terms will be determined through negotiations between the company and the buyers of its debt ". Recall that in mid-2019, Netflix's capitalization in one day decreased by $ 17 billion after the publication of reports for the second quarter. It was the largest drop in streaming history. Experts believed that the main reason was the inconsistency of the results with the expectations of investors, first of all it concerned the number of subscribers. The Topic of Article: Netflix will borrow billions of dollars again. |
