Meta Platforms has launched a $15bn five-part US dollar bond offering designed to help finance investments in artificial intelligence infrastructure.
According to the company’s filing, the intermediate-term tranches comprise $3.25bn of notes maturing in 2031 with a 5.85% coupon, alongside another $3.25bn tranche due in 2033 with a 6.25% coupon, and $4.0bn of notes due in 2036 carrying a 6.55% coupon.
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The longer-dated portion of the offering includes $1.75bn of notes maturing in 2046 with a 7.35% coupon, as well as a $2.75bn tranche due in 2056 with a 7.50% coupon.
The sale represents the company’s third major debt market issuance in recent years, coming after a $25bn investment-grade bond sale in April and a $30bn offering last year, reported Reuters.
Technology firms are increasingly turning to debt markets to fund data centres, computing capacity, and cloud expansion, shifting away from their historical practice of relying on existing cash reserves.
Meta has projected full-year capital expenditure of between $135bn and $145bn, with ongoing spending on AI infrastructure serving as the primary factor behind the guidance.
Late last month, Meta announced intentions to raise up to $95bn through equity offerings to support AI infrastructure and the development of personal superintelligence.
That plan includes approximately $35bn in concurrent underwritten offerings: $22.5bn of Class A common stock issued through forward-sale agreements and approximately $12.5bn of depositary shares representing mandatory convertible preferred stock.
Chip partners Nvidia, AMD, and Broadcom have expressed non-binding interest in purchasing up to an aggregate $5bn of the Class A shares on the same terms as the public offering.
At the time, the company said the proceeds will be used for general corporate purposes, including AI infrastructure, data centres, compute capacity, custom silicon, and new products such as consumer and business agents, enterprise services, AI glasses, and personal superintelligence.
Meta’s moves follow Alphabet’s $80bn equity raise in June.
More recently, Elon Musk’s SpaceX also agreed to enter an approximately $40bn master finance lease with an entity managed by Apollo Global Management.
Under the arrangement, the Apollo-managed entity will acquire GPU pods and related equipment and lease them to SpaceX for use at data centres selected by the company.
