New York, June 11, 2026, 14:10 (ET)
- Amazon shares traded flat Thursday. The stock dropped 2.53% Wednesday.
- The company landed a $17.5 billion delayed-draw term loan facility while it keeps putting money into AI infrastructure.
- Amazon’s AI spending is in focus as investors look at the drag on free cash flow.
Amazon.com, Inc. shares hovered near unchanged Thursday, trading around $238. The stock was steady after taking a hit in the last session. Investors looked at Amazon’s recent financing deal connected to its artificial intelligence infrastructure. AMZN was last seen at $238.57, up 0.24% from the previous close, swinging between $235.25 and $240.50 over the session.
Amazon fell 2.53% on Wednesday to close at $238.00, sliding with other big tech stocks as the broader market sold off. MarketWatch said the S&P 500 dropped 1.62% while the Dow lost 1.87% in the session.
Amazon set up a fresh $17.5 billion loan facility, Reuters said, citing lenders like Citibank, BofA Securities, JPMorgan Chase, HSBC and Wells Fargo. Amazon told investors in a June 8 filing the cash is meant for general corporate purposes.
Amazon called the borrowing a senior unsecured delayed-draw term loan facility in its filing. Commitments run out September 30, 2026, unless Amazon uses the money earlier. Loans pulled from the facility come due three years after they’re borrowed. According to the filing, term SOFR loans will have a margin from 0.625% to 0.875%, with the exact rate tied to Amazon’s credit ratings.
Amazon is piling on more debt. The company issued C$14 billion (about $10.04 billion) in Canadian dollar bonds earlier this week, marking the largest corporate bond sale in Canada, Reuters said. The five tranches run from 2029 to 2056.
Amazon’s financing is getting attention as the company’s AI spend hits cash flow. Free cash flow dropped to $1.2 billion for the trailing 12 months, Amazon said in its first-quarter report, down from $25.9 billion a year earlier. The main driver: a $59.3 billion year-over-year jump in property and equipment purchases, with most of that tied to AI.
Amazon still reports a hefty earnings base. First-quarter net income hit $30.3 billion, or $2.78 a share, up from $17.1 billion, or $1.59 a share, last year. AWS operating income increased to $14.2 billion from $11.5 billion a year ago.
Tech stocks found some footing Thursday, which helped keep Amazon from dropping further. The Invesco QQQ Trust, tracking the Nasdaq-100, added 2.27%. The SPDR S&P 500 ETF Trust rose 1.18% in the afternoon.
AMZN holders are watching to see if Wall Street sees the new $17.5 billion facility as confidence in Amazon’s AI story, or just more proof that cloud and AI will keep costing big. The stock hardly budged Thursday. Investors didn’t act like the financing was a true surprise, but the way shares moved shows AI spending is still driving price action.
Related articles: NASDAQ:AMZN
