Amazon secures $17.5 billion delayed draw term loan facility

The senior unsecured financing, disclosed in a June 10 SEC filing and arranged with Citibank and other banks, adds borrowing flexibility as Amazon expands capital spending tied to AI infrastructure.

48d ago

Fact Check

Reuters reports, citing a regulatory filing, that Amazon secured a $17.5 billion delayed-draw term loan facility from lenders including Citibank to support AI infrastructure spending. This is independently corroborated by Morningstar/MarketWatch, Quartz, and Cryptobriefing, all of which match the exact figure ($17.5B), the loan structure (delayed-draw term loan), the lead bank (Citibank), and the AI/data-center expansion purpose stated in the claim.

Summary

Amazon has secured a $17.5 billion delayed draw term loan facility, a senior unsecured financing disclosed in a June 10 filing with the SEC, the U.S. Securities and Exchange Commission. Arranged with Citibank and other banks, the facility gives Amazon added borrowing flexibility because it can be drawn over time rather than all at once. The financing highlights the scale of capital spending associated with AI infrastructure, including data centers, computing capacity and related systems, and adds to market attention on power-dense facilities that may have relevance beyond traditional crypto-mining use cases.

Terms & Concepts

delayed draw term loan facility: A loan commitment borrowers can access in stages over time.
senior unsecured: Debt that has priority in repayment but no pledged collateral.
SEC: U.S. Securities and Exchange Commission, the markets regulator.