Funding
Meta Raises $15 Billion in Bonds for AI Expansion
Meta Platforms has raised $15 billion through a five-part U.S. dollar bond offering to fund its expanding artificial intelligence infrastructure. The financing comes as the company projects capital spending of $135 billion to $145 billion this year, primarily for data centers, computing capacity, and cloud expansion. The deal includes a $3.25 billion tranche due in 2031 with a 5.85% coupon and a $3.25 billion tranche due in 2033 at 6.25%, with an additional longest-dated tranche due in 2056. Orders reportedly reached $58 billion, about 3.9 times the offering's size. Moody’s assigned the debt an Aa3 rating and expects Meta to maintain low-risk financial policies and a positive net cash position as spending rises. Meta is also preparing its first euro-denominated bond sale, which could price as soon as Wednesday and raise the equivalent of $5 billion to $10 billion, with combined dollar and euro fundraising potentially reaching $20 billion to $25 billion.