Meta Plans $7-8.5 Billion Bond Offering for Second Time
Meta Platforms is set to raise $8.5 billion in a five-part bond offering, with the longest 40-year security yielding 192 basis points over Treasuries. The funds will be used to finance capital expenditures, repurchase outstanding shares of its common stock, and for acquisitions or investments. This is the company's second bond offering after raising $10 billion last year.