tv video film broadway

Amazon Raises $10 Billion In Debt Sale With Record Low Interest Rates In Oversubscribed Offering

Reading now: 751
deadline.com

By Jill Goldsmith Amazon said Wednesday it closed the sale of $10 billion worth of fresh debt at record low interest rates.

It sold six tranches of notes of between $1 billion and $2.5 billion with maturities of up to 50 years. Proceeds will be used for general corporate purposes, which could include paying down other debt, stock buybacks, acquisitions, capital expenditures or other uses.

Companies have been raising cash at a rapid pace to amass a cushion to see them through the COVID-19 crisis and more recently to refinance old debt.

The interest rates they need to offer depend on their credit rating and how many investors want the bonds. With months of shelter-at-home directives, Amazon has become a favorite stock, the belle of the

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA