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Netflix is raising another $2 billion in debt to fund additional content creation and other expenses, the company announced Monday.

In its third-quarter earnings report last week, the company downplayed the threat of these new streaming services, saying its multibillion-dollar content budget allows it to take “bold swings” on new projects when necessary.

The company reiterated that prediction in its letter to shareholders , saying it will be able to “fund more of our content spending internally,” which should result in improved free cash flow in 2020.

Netflix said the interest rate, maturity date and other terms of the offering will be determined by negotiations between the company and the initial purchasers.