LSE:AAF.L 11 January 2026 - 12 January 2026

June 10, 2026, 3:54 PM EDT. Amazon shares fell 2.3% to $238.59 following news of a $17.5 billion senior unsecured delayed-draw loan secured for AI infrastructure investment. The loan, due three years after drawing, complements a recent record C$14 billion Canadian bond deal, highlighting increased external funding for Amazon's AI expansion. The borrowing coincides with a sharp drop in free cash flow to $1.2 billion over 12 months, down from $25.9 billion a year earlier, mainly due to a $59.3 billion rise in property and equipment outlays tied to AI. Investors remain focused on Amazon Web Services (AWS), which posted 28% revenue growth to $37.6 billion and operating income increase to $14.2 billion in Q1. The loan rate is set above the Secured Overnight Financing Rate (SOFR), reflecting Amazon's credit rating.