The heavily loss-making firm said Monday it plans to raise another US$1.5bn in fresh debt, despite having only raised US$1.6bn last October.
Earlier this month, the California-based company smashed Wall Street forecasts for subscriber additions thanks to hit original shows such as Altered Carbon and Stranger Things.
Netflix added that it plans to spend around US$8bn on content alone this year, which means it still expects free cash flow to be negative in the second half.
According to the latest quarterly report, Netflix had long-term debts of US$6.5bn and cash in the bank of just over US$2.5bn.
The firm said this latest cash injection will be used for “general corporate purposes”, which may include content acquisitions and production.
Netflix shares rose 0.6% to US$329.60 shortly before the opening bell in New York.