Amazon is tapping the debt market for at least $25 billion as it funds a costly artificial-intelligence buildout. A new SEC filing shows notes running from 3 to 40 years, with the longest tranche priced 1.45 percentage points over Treasuries.
Amazon is looking to raise at least $25 billion through a U.S. dollar bond sale, balancing its debt needs with an increasingly expensive AI investment cycle.
A filing with the U.S. Securities and Exchange Commission shows the company plans to use the proceeds for general corporate purposes, including debt repayment, acquisitions and investments in subsidiaries. The final size of the offering could increase depending on investor demand.
The notes will span maturities from 3 to 40 years, giving Amazon a broad spread of repayment dates. The longest-dated tranche is expected to pay a spread of 1.45 percentage points above comparable U.S. Treasuries.
Four banks are handling the deal. Barclays, Goldman Sachs, J.P. Morgan and Morgan Stanley are underwriting the offering.
Source: TradingView (snippet-based)
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