MENLO PARK, Nov 4 — Meta Platforms said it is raising US$15 billion (RM61.06 billion) through a five-part United States (US) dollar bond offering, as the Facebook parent turns to debt markets to help finance accelerating investments in artificial intelligence (AI) infrastructure.
The offering adds to a wave of AI-related fundraising as companies seek capital for data centres, computing capacity, and cloud expansion, despite historically relying on strong cash balances to fund growth.
According to a regulatory filing, it comprises US$3.25 billion (RM13.23 billion) of notes due in 2031 carrying a 5.85 per cent coupon and another US$3.25 billion due in 2033 at 6.25 per cent.
Meta previously tapped debt markets with a US$25 billion (RM101.7 billion) investment-grade bond sale in April and a US$30 billion (RM122.1 billion) offering last year, underscoring its growing use of external financing to fund long-term AI investments.
The debt sale comes days after Meta expanded plans for what could become a US$97.5 billion (RM396.9 billion) equity raise, highlighting the scale of funding the company is seeking for AI infrastructure.
Meta has said it expects capital expenditure of US$135 billion (RM549.5 billion) to US$145 billion (RM590.2 billion) this year, largely driven by AI investments.
Moody's assigned the new debt an Aa3 rating, saying it expects Meta to maintain conservative financial policies and a positive net cash position despite rising AI spending.
LSEG-compiled data showed Meta's total debt stood at US$83.67 billion (RM340.6 billion) as of September 30.
