Amazon seeks $25 billion bond sale
- Amazon.com is reportedly looking to raise at least $25 billion through a U.S. dollar bond sale.
- Amazon.com shares were up at $244.16 after the report.
- The company is seeking funding as large technology firms increase spending on AI infrastructure.
Amazon.com (NASDAQ:AMZN) is looking to raise at least $25 billion through a U.S. dollar bond sale, according to Bloomberg News, as the company continues funding AI infrastructure investments.
A regulatory filing showed Amazon.com filed for an eight-part offering of floating-rate and fixed-rate notes.
The offering size could increase depending on investor demand, according to Bloomberg News, while Amazon.com had not immediately responded to Reuters’ request for comment.
Amazon.com said Barclays, Goldman Sachs, J.P. Morgan, and Morgan Stanley are joint book-running managers for the offering.
The planned debt sale follows Amazon.com’s March target of a $37 billion raise through an oversubscribed 11-part bond sale.
The move comes as large technology companies, including Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), and Meta Platforms (NASDAQ:META), use debt and equity markets to support AI infrastructure spending that reports say could exceed $700 billion this year.
