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Bank of America Agents $4B Upsize for

April 30, 2018, 08:00 AM
Filed Under: e-Commerce
Related: Amazon, e-commerce has increased its corporate line of credit by $4 billion, raising its borrowing limit with lenders to $7 billion, according a filing  with the SEC.

Bank of America, N.A.served as administrative agent to the syndicated facility, which includes more than a dozen lenders.

The Amended and Restated Credit Agreement amends and restates the existing credit agreement entered into by the Company on May 20, 2016, to increase the Company’s borrowing capacity under its unsecured revolving credit facility from $3.0 billion to $7.0 billion and to extend the term of the agreement to April 27, 2021. Borrowings under the Amended and Restated Credit Agreement will be used for general corporate purposes, including backstopping any Notes that the Company may issue under the Commercial Paper Program disclosed in Item 8.01 below.

The financial institutions party to the Amended and Restated Credit Agreement and their respective affiliates are full service financial institutions engaged in various activities, which may include sales and trading, commercial and investment banking, advisory, investment management, investment research, principal investment, hedging, market making, brokerage, and other financial and non-financial activities and services. Certain of these financial institutions and their respective affiliates have provided, and may in the future provide, a variety of these services to the Company and to persons and entities with relationships with the Company, for which they received or will receive customary fees and expenses.

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