Amazon Secures $17.5 Billion Delayed-Draw Term Loan on June 10 to Fund AI Infrastructure

According to Bloomberg, on June 10, Amazon secured a $17.5 billion delayed-draw term loan from Citigroup and other banks. The unsecured facility carries interest of 0.625 to 0.875 percentage points over SOFR (Secured Overnight Financing Rate), with each borrowing repayable within three years. The financing expands Amazon's funding pool as the company accelerates spending on AI infrastructure and Amazon Web Services (AWS). Moody's affirmed Amazon's senior unsecured rating at A1 with a stable outlook, noting the company plans to increase capital spending by more than 50% to approximately $200 billion to support infrastructure for AWS and AI.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments