Amazon Seeks To Raise $7B Via 2022's Second Bond Offering

• Amazon.Com, Inc (NASDAQ: AMZN) looked to sell investment-grade bonds for general corporate purposes, its second offering in the dollar market this year.

• Amazon issued senior unsecured bonds in up to five parts, Bloomberg reports.

• The most extended portion of the offering, a 10-year security, may yield 1.15 percentage points over Treasuries.

• Also Read: Amazon Weighs Paring Back On Unprofitable Businesses Like Alexa; Introduces New Warehouse Robot To Cut Down On Lag

• The target size of the offering is $7 billion.

• Amazon may use the offering proceeds to repay debt, fund acquisitions, and share buybacks.

• Amazon last sold bonds in April, raising $12.75 billion, the company’s first offering in about a year.

• Amazon is among ten companies looking to sell the debt on Tuesday ahead of anticipated volatility over the next few days.

• The sale also comes as credit fundamentals create an optimistic backdrop for issuing debt.

• Amazon’s total debt load now exceeds $70 billion.

• Amazon held $58.9 billion in long-term debt and $58.7 billion in cash and equivalents as of September 30.

• Price action: AMZN shares traded lower by 2.21% at $91.69 on the last check Tuesday.

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