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Netflix Adds a $500 Million Credit Line

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Photographer: Daniel Acker/Bloomberg

Netflix Inc., which has been spending billions of dollars on TV shows and movies for its online video service, lined up a $500 million revolving credit facility through five lenders including Deutsche Bank AG and Goldman Sachs Group Inc.

The company has the option to increase the credit line by $250 million, according to a regulatory filing Friday. Netflix, based in Los Gatos, California, plans to use the money for working capital and general corporate purposes.