Amazon.com Inc (NASDAQ:AMZN) is planning to raise at least $25 billion through an eight-part bond offering as the company seeks additional funding for its artificial intelligence infrastructure expansion, according to various media reports.
The company disclosed in a regulatory filing that it plans to issue floating- and fixed-rate notes but did not provide the size of the offering. Bloomberg News was first to report the size of the offering and noted that the sale could be increased depending on investor demand.
The bond offering is expected to include senior unsecured debt with maturities ranging from three to 40 years, according to a term sheet cited by Reuters. Amazon told Reuters that proceeds from the sale would be used for general corporate purposes, including future capital expenditures and the repayment of upcoming debt maturities.
The planned raise follows several recent debt offerings by Amazon as major technology companies turn to capital markets to fund large-scale AI investments. The company previously raised approximately $54 billion through bond sales in the US and Europe earlier this year, followed by a $10 billion Canadian bond offering in June.
The company’s latest offering is being managed by Barclays, Goldman Sachs, J.P. Morgan and Morgan Stanley (NYSE:MS) as joint book-running managers, according to Amazon’s filing.
Shares of Amazon were little changed at $243 following the reports.