Amazon.com to sell eight tranches of notes, including sustainability linked tranche; talk emerges

By Rebecca Melvin and Cristal Cody

Concord, N.H., May 10 – Amazon.com, Inc. is offering eight tranches of fixed-rate senior notes (A1/AA-/A+), including one tranche of sustainability notes, according to a 424B5 filing with the Securities and Exchange Commission.

Amazon.com is offering sustainability-linked notes due May 12, 2023 talked to yield in the 30 basis points area over Treasuries, according to a market source.

In addition, Amazon.com expects to sell notes due May 12 of 2024, 2026, 2028, 2031, 2041, 2051 and 2061 at respective spreads in the area of 45 bps, 55 bps, 65 bps, 75 bps, 90 bps, 100 bps and 115 bps over Treasuries, the source said.

The notes will have make-whole calls and then par calls.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the bookrunners.

Except for the sustainability notes, the proceeds of the notes will be used for general corporate purposes. The proceeds of the sustainability notes will be used, in whole or in part, for green or social eligible projects.

Amazon.com is an online commerce company based in Seattle.

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