Amazon Secures $17.5 Billion Citigroup-Led Loan, Locking In Funding Through September

3 articles · Updated · Bloomberg · Jun 10

$17.5 billion in new financing was disclosed by Amazon in a Wednesday regulatory filing, with Citigroup leading the bank group behind the facility.
The deal is structured as a delayed-draw term loan, letting Amazon access the funds until the end of September rather than taking the full amount immediately.
Each borrowing carries a 3-year repayment clock from the date the money is drawn, giving Amazon flexibility on timing while fixing the tenor of any use.
The filing did not specify the intended use of proceeds, but the arrangement gives Amazon a sizable liquidity backstop over the next several months.

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