Meta Platforms said on Tuesday it is raising $15 billion through a five-part US dollar bond offering. The company needs this money to help finance its growing investments in AI infrastructure. Many tech firms now use debt markets to pay for new data centers and cloud expansion projects this year.
Meta Platforms said on Tuesday it is raising $15 billion through a five-part US dollar bond offering, as the Facebook parent turns to debt markets to help finance its accelerating investments in AI infrastructure. The tech giant's offering adds to a wave of fundraising as companies raise fresh capital to finance AI data centers, computing capacity and cloud expansion, despite traditionally relying on cash-rich balance sheets to fund growth. The offering comprises $3.25 billion of notes due in 2031 carrying a 5.85% coupon and another $3.25 billion due in 2033 at 6.25%, according to a regulatory filing. The bond issuance comes days after Meta expanded plans for what could become a $97.5 billion equity raise, highlighting the company's push to secure funding for AI-related infrastructure investments.