Amazon secures $8bn loan to secure itself against market turbulence

With global events continuing to affect the way customers spend their money in 2023, Amazon took out an $8 billion loan in anticipation of market headwinds.

the lend (Opens in a new tab)active as of January 3, 2023, was provided by a consortium including Singapore’s DBS Bank and Japan’s Mizuho Bank, which the company said would be used to strengthen Amazon’s financial position and provide a buffer against a possible economic slowdown.

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