Meta's Second Blue-Chip Bond Sale Aims for $7 Billion

Meta Platforms Inc. is set to raise $8.5 billion in a five-part bond sale, becoming the first mega-cap technology company to tap the US investment-grade bond market amid turmoil in the financial sector. The company plans to use the fresh funds to help finance capital expenditures, repurchase outstanding shares of its common stock, and for acquisitions or investments. Bank of America Corp., JPMorgan and Morgan Stanley are the bookrunners on Meta’s deal.