Amazon 8-K
Debt financing
Citibank-led delayed-draw term loan facility adds borrowing capacity for general corporate purposes without financial covenants.
Filed 2026-06-10 09:00 ET
- 1.01 Entry into a Material Agreement
- 2.03 Creation of a Financial Obligation
- 9.01 Financial Statements and Exhibits
Summary
Amazon entered into a $17.5B senior unsecured delayed-draw term loan facility with Citibank as administrative agent and participating lenders. Borrowings are for general corporate purposes; the facility has no financial covenants.
Key Figures
- Facility commitment: $17.5B; commitments expire 9/30/2026 unless fully borrowed before then.
- Interest: at Amazon’s option, an alternate base rate with a 0% margin, or Term SOFR with a 0.625%-0.875% margin based on Amazon’s credit ratings.
- Any borrowing matures three years after it is borrowed. Amounts prepaid cannot be reborrowed.
Investor Takeaways
- Facility utilization by 9/30/2026 will determine whether Amazon draws on the commitment.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3