Amazon borrows $ 16 billion

Amazon borrows $ 16 billion

World August 15, 2017 19:45

- Online conglomerate Amazon has placed bond loans with a value according to Moody's credit rating totaling $ 16 billion.

It is the first run to the bond market since 2014. The capital is primarily intended to finance the purchase of food wholesaler market Whole Foods worth $ 13.7 billion.

According to Bloomberg, the loans are divided into seven parts, with varying maturities, including a 40-year bond. Amazon owns a lot of cash, but receives a temporary loan from Bank of America and Goldman Sachs before the purchase.

In response to the loan, Moody's has given the group a 'positive' rating despite the growth of its debts at Amazon.

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