Meta Platforms Inc. is looking to raise approximately $9.2 billion through its first-ever sale of euro-denominated bonds. The U.S. technology company aims to issue bonds with various maturities, including four-year, six-year, eight-year, 12-year, 18-year, and 38-year terms.
The company plans to use the proceeds from this bond sale for general corporate purposes, which may include funding share buybacks and making capital expenditures. This move marks a significant step for Meta as it diversifies its financing options beyond traditional equity and debt markets accessible in the U.S. The offering is designed to tap into the European debt market, providing Meta with access to a broader investor base and potentially more favorable borrowing terms.