Meta raises US$15 billion in five-part US bond sale to fund AI expansion

META Platforms said on Tuesday (Nov 2) it is raising US$15 billion through a five-part US dollar bond offering, as the Facebook parent turns to debt markets to help finance accelerating investments in 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.

It comprises US$3.25 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, according to a regulatory filing.

Meta previously tapped debt markets with a US$25 billion investment-grade bond sale in April and a US$30 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 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 to US$145 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.

SEE ALSO

Meta to raise up to US$95 billion in equity to fund costly AI expansion

Meta’s rating outlook cut to negative by S&P on AI spending

THE BUSINESS TIMES INSIGHTS

Powering Asean's Future 2026

Find out how enterprises are navigating power constraints and sustainability targets

ACCESS THE INSIGHTS

Meta‘s total debt stood at US$83.67 billion, as of Sep 30, according to data compiled by LSEG. REUTERS