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Amazon Inks $17.5 Billion Loan in Financing Led by Citigroup
The facility gives Amazon flexibility to draw funds through September as major banks back its AI infrastructure spending.
- Amazon secured a $17.5 billion delayed draw term loan led by Citigroup Inc., disclosed in a regulatory filing on Wednesday, June 10, 2026, to fund artificial intelligence infrastructure expansion.
- Major tech companies are borrowing heavily to fund massive artificial intelligence infrastructure buildouts, with Meta Platforms announcing $30 billion in bond sales and Alphabet planning $80 billion through a stock sale.
- On Monday, June 8, Amazon announced a multiyear deal to purchase billions of dollars' worth of Corning's optical connectivity solutions, joining Nvidia and Meta in recent large commitments.
- The financing follows Amazon's $14 billion Canadian bond sale, bringing its total new financing to roughly $31.5 billion within 48 hours, with the delayed draw structure providing deployment flexibility.
- Corning's optical communications business, which generated $1.8 billion in first-quarter revenue, supplies fiber-optic cables essential for Nvidia's NVLink 72 data center racks that accelerate artificial intelligence processing speeds.
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17 Articles
17 Articles
Amazon secures $17.5 billion loan facility amid AI-driven capex ramp
·New York, United States
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Coverage Details
Total News Sources17
Leaning Left3Leaning Right0Center5Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 38%
C 62%
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