Fashion

Amazon guarantees $8 billion loan


Via

API Reuters

Published



January 4, 2023

Amazon.com Inc on Tuesday said it has reached agreements with certain lenders to provide the e-commerce giant with an $8 billion unsecured loan.

Reuters

Amazon says the term loan will mature in 364 days with an option to extend for an additional 364 days, and the proceeds will be used for general corporate purposes.

The company had approximately $35 billion in cash and cash equivalents and about $59 billion in long-term debt at the end of the third quarter ended September 30.

© Thomson Reuters 2023 All rights reserved.

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