Meta Seeks Up to $25 Billion in Bonds to Fund AI Spending Spree
Written by AI from cnbc.com's report. Not checked by a person.
Meta launched a $20-25 billion bond sale on 3-4 November to finance its soaring AI infrastructure investment, as S&P revised the company's credit outlook to negative over its $135-145 billion annual capital-expenditure plan.
Meta began a major debt offering on 3 November 2026, seeking to raise between $20 billion and $25 billion through a corporate bond sale split roughly two-thirds in US dollars and one-third in euros. The proceeds are earmarked for AI infrastructure including data centres, custom chips, and large-scale model development. The sale follows a $25 billion bond offering Meta completed in April 2026 and is part of a broader plan to raise $95 billion over time, including $35 billion in equity and $60 billion through an at-the-market programme. Meta's projected full-year capital expenditure now stands at $135 to $145 billion, $5 billion higher than its previous guidance, and the company reported negative free cash flow of $2.12 billion in its most recent quarter. In response, S&P Global Ratings revised Meta's credit outlook from stable to negative at its AA- rating, citing uncertainty around the heavy capex programme. The move reflects the broader trend of Big Tech companies issuing large debt tranches to fund AI buildout rather than drawing solely on operating cash flows. CNBC, Reuters, Newsbytes, and multiple financial outlets reported the story on 3-4 November 2026.
