Amazon secures $17.5 billion credit facility with Citibank

Amazon.com Inc. (NASDAQ: AMZN) entered into a $17.5 billion senior unsecured delayed draw term loan credit facility with Citibank N.A. as administrative agent on June 8, 2026, according to a regulatory filing.

The credit facility allows Amazon to borrow funds as needed, with commitments expiring on September 30, 2026 unless fully utilized before that date. Any loans drawn under the facility will mature three years from the borrowing date.

Amazon can prepay loans or reduce unused commitments without penalty, though prepaid amounts cannot be reborrowed. The company stated the facility will be used for general corporate purposes.

Interest rates on the delayed draw term loans will be based on Amazon's choice between a floating base rate plus applicable margin or a term SOFR rate plus margin. The margin for base rate loans is 0%, while term SOFR rate loans carry margins ranging from 0.625% to 0.875% depending on Amazon's credit ratings.

The credit agreement includes standard representations, warranties, covenants and default provisions but does not contain financial covenants. If an event of default occurs and is not cured within applicable grace periods, outstanding amounts may become immediately due and payable.

The participating financial institutions and their affiliates provide various services to Amazon and related entities, receiving customary fees and expenses for such services.

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