Overview
- The investment-grade sale is being marketed in six tranches with maturities from five to 40 years, led by Citigroup and Morgan Stanley.
- Pricing talk puts the longest-dated notes near 1.4 percentage points over comparable U.S. Treasuries, with final size and yields yet to be set.
- Early market reports indicate roughly $125 billion of orders for the deal, while Meta’s shares fell as much as 14% after its higher-spending outlook.
- Meta said capital expenditures could reach up to $72 billion this year and accelerate considerably in 2026 to support AI infrastructure and data centers.
- The company last issued $10 billion of public bonds in 2022, and a Meta-linked Louisiana data-center venture privately sold about $27 billion of debt earlier this month.