Amazon Secures $17.5 Billion Credit Facility

Amazon has secured a substantial $17.5 billion credit facility through a term loan agreement with Citibank and a consortium of over a dozen other banks. This significant financial backing is structured as a senior unsecured delayed draw term loan, with commitments from the banks set to expire on September 30th, unless the full amount is drawn beforehand. The move underscores Amazon's aggressive investment strategy in building out its AI infrastructure, signaling a strong commitment to competing in the rapidly evolving artificial intelligence landscape. This facility provides considerable financial flexibility for future endeavors.