Amazon secures $8B term loan

https://www.reuters.com/business/retail-consumer/amazon-secures-8-billion-loan-2023-01-03/

by mfiguiere • 4 years ago

13 4 4 years ago

aas1957• 4 years ago

They’ll need it.

"Amazon had about $35 billion in cash and cash equivalents and long-term debt of about $59 billion at the end of the third quarter ended Sept. 30."

Will AMZN's debts ever catch up to them. Like Musk Bezos is a "genius" right.

AlexThrowAway• 4 years ago

Most of Amazon's long term debt is in prebuilding data center real estate. So long as Azure and GCP keep kicking own goals they should be fine.

1vuio0pswjnm72• 4 years ago

"Moving to AWS, Amazon is still the largest and undisputed leader in the IaaS market with a stunning 34% in market share. Its products are more accessible than those of Microsoft and Google when it comes to commercial services. AWS is available in more regions and zones and has significantly more services and features. However, AWS clients are mainly small enterprises that have no profit or that are just barely profitable. Enterprises usually side with Azure as Microsoft signs a record number of more than $100 million and more than $1 billion in Azure contracts. Thus, AWS is more vulnerable to the economic slowdown.

Research boutique Apps Run the World found over the summer that companies employing fewer than 100 staffers compose more than one-third of AWS' corporate roster, compared to zero for rival Microsoft Azure"

https://seekingalpha.com/article/4566233-wake-up-sell-amazon...

Amazon secures $8B term loan

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