Amazon raising at least $25 billion in bond sale, won't issue more debt in 2026

Amazon is raising at least $25 billion through an eight-part bond offering to fund its artificial intelligence infrastructure expansion, CNBC's David Faber reported. The company also confirmed it will not issue additional debt in 2026, giving bondholders clarity on near-term supply.

The bond sale represents one of the largest corporate debt offerings in recent months and signals the scale of capital Amazon is deploying into AI. The company has been racing to build out data center capacity and AI capabilities to compete with Microsoft and Google in cloud services and generative AI products.

Amazon has previously tapped debt markets to finance major capital expenditures, but the $25 billion minimum raise underscores the intensity of AI investment requirements. The eight-part structure suggests the offering will span multiple maturities, allowing Amazon to lock in financing across different time horizons while interest rate uncertainty persists.

The commitment to pause debt issuance in 2026 may help support pricing on this deal by limiting future dilution of the bond pool.