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.
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.
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