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Amazon Secures a Total of $17.5 Billion in Loan Facilities from a Syndicate Led by Citi
1 week ago /
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Author：小编
Amazon.com Inc. disclosed that it has signed a $17.5 billion loan agreement with a syndicate led by Citigroup. The loan is a delayed-draw term loan, with the facility remaining available until the end of September this year. Amazon can draw down the funds in batches as needed, with each borrowing requiring repayment within three years. The loan interest rate is based on the Secured Overnight Financing Rate, with a markup of 0.625 to 0.875 percentage points, depending on Amazon's credit rating. Participating banks include JPMorgan Chase, Bank of America, HSBC, and Wells Fargo, among others.
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