Amazon secures $8 billion loan to hedge against market turbulence

As global events continue to affect how customers spend in 2023, Amazon has secured an $8 billion loan in anticipation of market turmoil.

The loan (opens in a new tab)operational since January 3, 2023, it was provided by a consortium including Singapore’s DBS Bank and Japan’s Mizuho Bank, and the company says it will be used to strengthen Amazon’s financial position and provide a buffer against a potential economic downturn.

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