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Meta Kicks Off Debt Offering in Push to Fund AI Investments

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Meta Kicks Off Debt Offering in Push to Fund AI Investments Meta Platforms Inc. is marketing bonds for the first time in six months, making it the latest tech giant to brave investor skepticism amid a flurry of debt sales to fund the artificial intelligence infrastructure buildout. The company has kicked off the sale of US dollar notes in five tranches, with maturities ranging from five to 30 years, according to a person familiar with the matter. Initial price talk on the longest tenor is a...

Meta Kicks Off Debt Offering in Push to Fund AI Investments Meta Platforms Inc. is marketing bonds for the first time in six months, making it the latest tech giant to brave investor skepticism amid a flurry of debt sales to fund the artificial intelligence infrastructure buildout. The company has kicked off the sale of US dollar notes in five tranches, with maturities ranging from five to 30 years, according to a person familiar with the matter. Initial price talk on the longest tenor is a yield premium of about 2.5 percentage points above Treasuries, the person added, asking not to be identified because they’re not authorized to speak publicly.
Meta Kicks Off Debt Offering (ORG) US (LOCATION) Treasuries (ORG)
Originally published by Bloomberg Technology Read original →