Loan & DebtJun 10, 2026, 09:06 AM
Amazon Secures $17.5B Delayed Draw Term Loan Facility
AI Summary
Amazon.com, Inc. entered into a $17.5 billion senior unsecured delayed draw term loan credit facility on June 8, 2026, with Citibank N.A. as administrative agent. The commitments for this facility will expire on September 30, 2026, and any loans borrowed will mature three years from the borrowing date. The facility, intended for general corporate purposes, allows for optional prepayment without penalty and does not include financial covenants.
Key Highlights
- Amazon secured a $17.5 billion senior unsecured delayed draw term loan credit facility.
- Commitments for the DDTL Facility will expire on September 30, 2026.
- Loans borrowed under the facility will mature on the three-year anniversary of the borrowing date.
- Interest rates are Alternate Base Rate + 0% margin or Term SOFR Rate + 0.625% to 0.875% margin.
- The facility can be optionally prepaid without premium or penalty.
- Borrowings will be used for general corporate purposes.
- The DDTL Credit Agreement does not contain financial covenants.
Price Impact
More from AMZN