InfoNews
Meta seeks to raise up to $25 billion in debt sale as AI spending jumps
- Published
- Record updated
Summary
Meta is seeking to raise between $20 billion and $25 billion in a bond sale, two-thirds in U.S. dollars and one-third in euros, to fund its spending on AI infrastructure, models and services. The sale follows S&P Global Ratings revising Meta's outlook from AA- stable to AA- negative, citing uncertainty about its capex and negative free cash flow of $2.12 billion last quarter.
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