Meta raises $15 billion in five-part US bond sale
The tech giant's offering adds to a wave of fundraising as companies raise fresh capital to finance AI data centers, computing capacity and cloud expansion, despite traditionally relying on cash-rich balance sheets to fund growth.
Meta Platforms announced on Tuesday that it is raising $15 billion in a five-part US dollar bond offering, as the company expands its investments in AI infrastructure. The tech giant's offering joins a growing trend of fundraising efforts as companies seek capital to finance AI data centers, computing capacity, and cloud expansion, even though they typically rely on cash-rich balance sheets to fund growth.
The bond issuance includes $3.25 billion of notes due in 2031 with a 5.85% coupon and another $3.25 billion due in 2033 at a 6.25% interest rate. This news follows Meta's recent announcement of plans for a $97.5 billion equity raise, underscoring the company's determination to secure funding for its AI-related infrastructure investments.
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