Amazon.com, Inc. announced it entered into a new term loan agreement on June 8, 2026, providing the company with a $17.5 billion senior unsecured delayed draw term loan credit facility. The funds drawn from the facility are designated for general corporate purposes.
Key Details
- Agreement: The company entered into a $17.5 billion senior unsecured delayed draw term loan (DDTL) credit facility, dated June 8, 2026.
- Timeline & Maturity: Commitments to provide the loan expire on September 30, 2026, if not borrowed. Any loans drawn will mature three years from the borrowing date.
- Terms: Interest on the loans will be based on either a base rate or a Term SOFR rate plus a margin ranging from 0.625% to 0.875%, depending on the company's credit ratings. The agreement notably does not contain financial covenants.
- Purpose: Borrowings under the facility are intended for general corporate purposes.