Amazon Secures $17.5 Billion Loan as AI Capex Push Tops $700 Billion
Updated
Updated · Reuters · Jun 10
Amazon Secures $17.5 Billion Loan as AI Capex Push Tops $700 Billion
3 articles · Updated · Reuters · Jun 10
Summary
$17.5 billion in new financing gives Amazon a delayed-draw term loan it can tap as needed for AI infrastructure and other corporate purposes, according to a June 8 filing.
Citibank, BofA Securities, JPMorgan, HSBC and Wells Fargo are among the lenders, and the facility remains available through the end of September; any amounts borrowed must be repaid within three years.
The loan follows Amazon's filing earlier this week for a five-part Canadian debt offering of up to C$14 billion, underscoring its broader funding push.
Big Tech is increasingly turning to debt and equity to fund AI build-outs, with Alphabet and Meta also pressing ahead as combined outlays are now expected to exceed $700 billion this year.