Amazon Seeks $25 Billion in 8-Part Bond Sale as AI Buildout Drives Funding
Updated
Updated · CNBC · Jul 7
Amazon Seeks $25 Billion in 8-Part Bond Sale as AI Buildout Drives Funding
3 articles · Updated · CNBC · Jul 7
Summary
At least $25 billion is being raised by Amazon through an eight-part bond sale, with underwriters told the company does not plan any further debt issuance this year.
The proceeds are earmarked for general corporate purposes, including investments, future capital spending and debt repayment, as Amazon continues a heavy artificial-intelligence expansion.
Tuesday's SEC filing disclosed the planned offering but not its size; Bloomberg first reported the $25 billion figure cited by CNBC.
The new sale follows roughly $54 billion in U.S. and European bond issuance earlier this year and a separate $10 billion Canada deal in June.