Amazon plans $25B bond sale to support AI investments
Yahoo Finance ·
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Amazon.com Inc (NASDAQ:AMZN) is planning to raise at least $25 billion through an eight-part bond offering as the company seeks additional funding for its artificial intelligence infrastructure expansion, according to various media reports. The company disclosed in a regulatory filing that it plans to issue floating- and fixed-rate notes but did not provide the size of the offering. Bloomberg News was first to report the size of the offering and noted that the sale could be increased depending on investor demand. The bond offering is expected to include senior unsecured debt with maturities ranging from three to 40 years, according to a term sheet cited by Reuters. Amazon told Reuters that proceeds from the sale would be used for general corporate purposes, including future capital expenditures and the repayment of upcoming debt maturities. The planned raise follows several recent debt offerings by Amazon as major technology companies turn to capital markets to fund large-scale AI investments. The company previously raised approximately $54 billion through bond sales in the US and Europe earlier this year, followed by a $10 billion Canadian bond offering in June. The company’s latest offering is being managed by Barclays, Goldman Sachs, J.P. Morgan and Morgan Stanley (NYSE:MS) as joint book-running managers, according to Amazon’s filing. Shares of Amazon were little changed at $243 following the reports.
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