Amazon.com said on Tuesday (Jan 3) it had reached an agreement with certain lenders to provide the e-commerce giant an US$8 billion unsecured loan. The term loan will mature in 364 days with an option to extend for another 364 days, and the proceeds would be used for general corporate purposes. T
Amazon.com said on Tuesday it had reached an agreement with certain lenders to provide the e-commerce giant an US$8 billion unsecured loan.
The online retailer has been bracing for likely slower growth as soaring inflation forces businesses and consumers to cut back spending. That, coupled with a strong greenback, dragged Amazon's shares about 50 per cent lower in 2022.
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Amazon secures $8 billion loanAmazon.com Inc said on Tuesday it had reached an agreement with certain lenders to provide the e-commerce giant an $8 billion unsecured loan. The term loan will mature in 364 days with an option to extend for an additional 364 days and the proceeds would be used for general corporate purposes, Amazon said
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Amazon secures $8 billion term loan:Amazon.com Inc said on Tuesday it had reached an agreement with certain lenders to provide the e-commerce giant an $8 billion unsecured loan. The term loan will mature in 364 days with an option to extend for another 364 days, and the proceeds would be used for general corporate purposes.The online re
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