Amazon lines up up to $80B loan to fund AI infrastructure
What's the deal? Amazon disclosed a new loan facility of up to $80 billion to buy technology infrastructure assets, revealed in its third-quarter results filing in October 2026. It can draw on the facility between the first quarter of 2027 and the third quarter of 2028, with the debt due five years from the borrowing date.
Why now? The move comes as Amazon's AI-infrastructure spending surges. The company reiterated plans for roughly $220 billion in 2026 cash capital expenditures, and its property-and-equipment purchases jumped $94.8 billion year over year, which it said primarily reflects AI investment.
By the numbers: Amazon reported third-quarter net sales of $201.9 billion, up 12%, and operating income of $28.1 billion. AWSDealroom has a profile for this one. Try Dealroom → sales rose 39% to $46.0 billion.
What could go wrong? Free cash flow turned to a $42.4 billion outflow for the trailing 12 months through September 30, 2026, against a $14.8 billion inflow a year earlier. That makes the facility's terms and how much Amazon actually borrows important to watch as investment climbs.
The signal: At up to $80 billion, the facility ranks among the largest of its kind — in the top percentile of post-IPO debt rounds in its sector globally, by one measure. It underscores how hyperscalers increasingly lean on debt and other financing structures to bankroll the data centers behind the AI boom.
Read more: The Information
Image credit: Generated with Gemini
