AWS owner Amazon can borrow up to $80bn against the AI hardware it buys. Lenders get rights over some of that equipment.
Amazon can draw on the facility from early 2027 until the third quarter of 2028.
Its quarterly filing does not identify which equipment is subject to lender rights. Bloomberg reported the disclosure, covered by The Next Web on 30 October.
Amazon had funded its data centre build-out with cash from AWS and retail operations. This year it also made record bond sales, and its debt had already passed $225bn in June.
AWS chief executive Matt Garman told Bloomberg Television that Amazon was looking for ways to fund the opportunity so it could go as big as possible for customers. Alphabet is taking another route, raising $80bn by selling shares.
Our reading: for AWS customers, the open questions are which equipment the rights cover and what would trigger them. The filing answers neither.
Sources
Our file on AWS
- 1 Nov
Amazon's AWS sales grew 39% to almost $46 billion. Amazon's free cash flow was minus $42.4 billion over 12 months.
- 27 Oct
Amazon's CEO said AWS capacity for next year is largely sold. He said Amazon struggles to keep pace.
- 25 Oct
AWS announced $1 billion for engineers who build AI inside client firms. Gartner advises clients to plan the exit before they arrive.
- 15 Oct
AWS and Google's lobby priced EU cloud rules at €115bn. Brussels estimated €18bn.
- 10 Oct
One prompt could take over AWS AI agents, researchers said. AWS called it "informative".
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