Amazon enters $8 billion 364-day term loan at SOFR plus 75 bps

By Wendy Van Sickle

Columbus, Ohio, Jan. 3 – Amazon.com, Inc. entered into an $8 billion 364-day term loan agreement on Tuesday with Toronto Dominion (Texas) LLC as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Borrowings bear interest at SOFR plus a margin of 75 basis points.

The term loan may be extended for an additional 364 days, in which case the interest margin will rise to 105 bps.

TD Securities (USA) LLC, Australia and New Zealand Banking Group Ltd., Banco Bilbao Vizcaya Argentaria, SA New York Branch, Bank of China, Los Angeles Branch, Credit Agricole CIB, DBS Bank Ltd., Mizuho Bank, Ltd. and National Westminster Bank plc are the joint bookrunners. TD Securities is the syndication agent.

Australia and New Zealand, Banco Bilbao Vizcaya Argentaria, Bank of China, Credit Agricole, DBS, Mizuho Bank, Ltd. and National Westminster are the co-documentation agents.

Proceeds may be used for general corporate purposes.

Amazon.com is an online retailer based in Seattle.

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