Netflix just announced that it will offer a billion dollars in senior notes through an offering to qualified institutional buyers. Proceeds will be used for content acquisition, among other things.

“The interest rate, redemption provisions, maturity date and other terms of the Notes will be determined by negotiations between Netflix and the initial purchasers,” the company said in a note to shareholders. “Netflix 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,” it added. “The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.”

Netflix intends to complete its global expansion into 200 countries by 2017. This is a goal that CEO Reed Hastings and CFO David Wells outlined in the company’s letter to shareholders as it reported its Q4 earnings. In 2014, Netflix launched in France, Germany, Austria, Switzerland, and Belgium. Australia and New Zealand are set for March.

Netflix plans to premiere 20 new shows and seasons of existing original shows a year.

The company posted a record 13 million new members and $1.305 billion in revenue from its streaming service.

Image via Netflix