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Sunday, August 20, 2017 1:11:35 PM
https://seekingalpha.com/article/4099760-amazon-flexes-financial-muscle
Summary
Company takes out debt to finance Whole Foods deal.
Rates were quite decent given current situation.
Investors obviously believe in company's future.
Interestingly enough, Amazon also did quite well if we compare this debt deal to some of Apple's (AAPL) recent bond offerings. In June, Apple took out $1 billion in 10-year notes, paying a 3.00% coupon. Considering Amazon took out more than 3 times that in its similar maturity piece, only paying 15 basis points more seems fairly reasonable. In fact, if we go back to the May 2017 multi-tranche debt issuance for Apple, Amazon actually got lower rates than Apple did for its bonds maturing in 2024 and 2027.
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