Amazon signs a $17.5 billion delayed draw term loan facility with Citibank as agent

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On Jun 8, 2026, Amazon signed a term loan agreement with Citibank N.A. as administrative agent and the lenders party to it, which gives Amazon a $17.5 billion senior unsecured credit facility. Amazon reported it in an 8-K filed on Jun 10, the form a US-listed company files to report an event between its regular reports, under item 1.01, a material agreement, and item 2.03, a new financial obligation.1^,2^,3^,4

It is a delayed draw term loan facility: the lenders' commitments were set to expire on Sep 30, 2026 unless Amazon had borrowed the full amount before then. Each loan matures three years after the day it is borrowed. Amazon can choose a base rate with a 0% margin, or term SOFR, a benchmark interest rate, plus a margin of 0.625% to 0.875% that depends on its credit ratings. Amazon can prepay the loans, or cut the unused commitments, without premium or penalty apart from customary breakage costs where they apply, and the agreement does not contain financial covenants, according to the filing. The filing gives general corporate purposes as the use of any borrowing.5^,6^,7^,8^,9^,10

Amazon's filings also report other debt sales closing in 2026, among them a sale of dollar notes on Mar 13 and of euro notes on Mar 16. On Jun 12 it closed a sale of Canadian dollar notes under an underwriting agreement dated Jun 8, the date of the loan agreement, and on Jul 9 a sale of dollar notes.11^,12^,13^,14^,15

Amazon is the parent of Amazon Games, which publishes Tomb Raider: Legacy of Atlantis; Crystal Dynamics and Flying Wild Hog develop it. The 8-K text we hold names no game or studio. The loan agreement itself is filed as Exhibit 10.1; our records hold the text of the 8-K and not that exhibit, so this article tells the agreement as the 8-K sums it up.16^,17^,18^,19