Amazon secured a $17.5 billion senior unsecured delayed draw term loan credit facility with Citibank and other lenders on June 13. This move follows the company raising over $80 billion in external financing so far this year. Additionally, Clearstead Trust LLC increased its stake in Amazon by 6.9% during the fourth quarter, bringing its total holdings to 67,182 shares.
The tech giant enters a credit agreement with a Citibank-led syndicate as its total external financing surpasses $80 billion this year.
Read the full storyThe tech giant has raised over $80 billion in external financing this year to support massive capital expenditures in AI infrastructure.
In a move highlighting the massive scale of investment required for future technologies, Amazon has secured a $17.5 billion loan to fund its expanding artificial intelligence capital expenditures.