Amazon.com prices upsized $16 billion of senior notes

By Wendy Van Sickle

Columbus, Ohio, Aug. 15 – Amazon.com, Inc. (Baa1/AA-) priced an upsized $16 billion offering of senior notes on Tuesday, according to a press release.

The deal size for the Rule 144A and Regulation S offering had been talked in the $10 billion to $15 billion area.

The company intended to hold fixed income investor calls on Monday for a benchmark multi-tranche senior notes offering, a market source said Friday.

Tranche sizes and details were not available at press time.

BofA Merrill Lynch, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the arrangers.

Amazon.com announced in June it plans to purchase Whole Foods Market Inc. for $13.7 billion in cash. Proceeds will be used to fund that acquisition, to repay the company’s 1.2% notes due 2017 and for general corporate purposes.

The online commerce company is based in Seattle.

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