Amazon has entered into term loan agreements with Citibank and more than a dozen other banks, providing the company with a $17.5 billion senior unsecured delayed extended term loan facility (DDTL facility).
The bank’s commitment to provide the line of credit expires on September 30th unless Amazon borrows in full by that date. According to a filing by Amazon with the Securities and Exchange Commission on Wednesday (June 10), the maturity date of the loans Amazon takes out under the credit facility will be three years after the borrowing data.
“The borrowings under the DDTL Facility will be used for general corporate purposes,” Amazon said in its filing.
Bloomberg reported on the agreement on Wednesday, saying an Amazon spokesperson said common corporate purposes for which proceeds from the loan could be used include “supporting business investments, financing future capital expenditures, and repaying debt.”
The report added that Amazon sold C$14 billion (approximately $10 billion) of high-quality corporate bonds denominated in Canadian dollars on Monday (June 8), and that since March, the company has sold other corporate bonds in euros, US dollars, and Swiss francs.
Bloomberg reported that a new loan unveiled Wednesday could fund Amazon’s investments in artificial intelligence. The company is reportedly investing up to $50 billion in cash in OpenAI, subject to conditions, and $10 billion in Anthropic, with the potential for another $15 billion to follow.
Advertisement: SCROLL TO CONTINUE
Additionally, Amazon plans to spend about $200 billion on AI infrastructure and other capital investments this year, the report said.
PYMNTS reported in April that the overwhelming majority of the discussion during Amazon’s first-quarter earnings conference focused on Amazon Web Services (AWS), AI infrastructure, and chips, which Amazon claimed were becoming its core business.
Amazon CEO Andy Jassy said on a conference call that the company has “never seen a technology grow as fast as AI.” Bedrock, the company’s platform for building with AI models, saw customer spending increase 170% quarter-on-quarter and processed more tokens in the first quarter than in all previous years combined.
In his 2025 shareholder letter posted in early April, Jassy said Amazon will continue to bet heavily on AI because it is a transformative technology that will transform every customer experience.
