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Amazon secures $17.5B Citibank loan as AI spending plans grow – TON BOT

Amazon secures $17.5B Citibank loan as AI spending plans grow

Amazon has secured a $17.5 billion delayed draw term loan facility from Citibank and other banks. The loan will support general corporate purposes, including investments and debt repayment. The financing is linked to Amazon’s AI spending plans and could help fund artificial intelligence investments. Amazon also recently sold high-grade bonds.


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