Amazon’s market cap dropped from $1.7 trillion to $834 billion last year, and analysts have reduced 2023 growth estimates for the company.
The $8 billion term loan will mature in 364 days with the option to extend the loan for a second year.
An Amazon spokesperson told Reuters, “Given the uncertain macroeconomic environment, over the last few months we have used different financing options to support capital expenditures, debt repayments, acquisitions and working capital needs.”
DBS Bank and MIzuho Bank were among the lenders and Toronto Dominion was the administrative agent.
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