Amazon The company plans to raise at least $25 billion through eight bond sales to continue its massive artificial intelligence buildup, people familiar with the matter told CNBC’s David Faber.
The company also shared with its underwriters that it will not issue any more bonds this year, said the people, who requested anonymity because the details are private.
Amazon disclosed plans for a capital increase in an SEC filing on Tuesday, but did not disclose the amount.
Bloomberg first reported the amount of Amazon’s bond sale.
The bond sale comes after Amazon raised about $54 billion in bonds in the U.S. and Europe earlier this year, followed by a $10 billion bond in Canada in June. Amazon also raised $15 billion by issuing U.S. bonds in November.
Tech companies are turning to capital markets to fund aggressive spending plans on AI infrastructure. Nvidia, oracle, alphabet and meta has also announced debt increases and stock issuances in recent months.
Amazon expects capital spending to reach $200 billion this year, up from $131 billion in 2025, with most of the spending going to data centers, chips and other equipment. CEO Andy Jassy sought to reassure investors skeptical of the company’s plans, arguing that AI is a “once-in-a-lifetime opportunity” that requires big bets.
An Amazon spokesperson told CNBC in a statement that proceeds from the bond sale may be used for general corporate purposes, including supporting investments, future capital expenditures and financing debt repayments.
“We regularly evaluate our business plans and make financing decisions, including bond issuance, accordingly,” the spokesperson said.
— CNBC’s Jim Forkin contributed reporting to this article.
