Meta Plans $20 Billion to $25 Billion Bond Sale to Fund AI Infrastructure
Meta Platforms Inc. is preparing to launch a bond sale aiming to raise between $20 billion and $25 billion, with the offering expected to be split between U.S. dollars and euros. This massive debt issuance is intended to support the company's aggressive capital expenditure on artificial intelligence infrastructure, models, and services. The move follows a recent outlook revision by S&P Global Ratings, which moved Meta from AA- stable to AA- negative due to concerns regarding high capex spending and negative free cash flow. The company recently updated its full-year capital expenditure guidance to a range of $135 billion to $145 billion.
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Topics: Artificial Intelligence Infrastructure Bond Sale Capital Expenditure Credit Rating Outlook
Part of the story Meta Plans $20 Billion to $25 Billion Bond Sale to Fund AI Infrastructure (4 articles)