Amazon has signed a $17.5 billion delayed draw term loan with a syndicate of lenders including Citigroup, JPMorgan Chase, Wells Fargo, HSBC, and BofA Securities, giving the company flexibility to draw down funds on its own timeline for what it described as general corporate purposes.
The deal follows a reported $14 billion Canadian bond sale two days earlier, bringing Amazon’s total new financing to approximately $31.5 billion within 48 hours.
The borrowing reflects an industry-wide pattern of debt-fuelled AI infrastructure spending. Alphabet recently announced plans to raise $80 billion through a stock sale, while Meta has moved to raise $30 billion in its largest ever bond offering, as technology companies race to fund chip procurement and data center expansion ahead of returns that remain uncertain.
