Key facts
- Meta said it is raising $15 billion through a five-part US dollar bond offering.
- The deal comprises $3.25 billion of 2031 notes at a 5.85% coupon and $3.25 billion of 2033 notes at 6.25%.
- Meta previously raised $25 billion in investment-grade bonds in April and $30 billion in 2025.
- Moody's assigned the new debt an Aa3 rating, citing expectations of conservative financial policies.
- Meta's total debt stood at $83.67 billion as of September 30, per LSEG data.
Meta Platforms said it is raising $15 billion through a five-part US dollar bond offering, the Facebook parent said on November 3, 2026, turning to debt markets to help finance accelerating investments in AI infrastructure. The sale, Meta's first in six months, comprises $3.25 billion of notes due in 2031 carrying a 5.85% coupon and another $3.25 billion due in 2033 at 6.25%, according to a regulatory filing cited by Reuters. The company previously raised $25 billion in investment-grade bonds in April and $30 billion in 2025.
The sale comes days after Meta expanded plans for what could become a $97.5 billion equity raise. Meta has said it expects capital expenditure of $135 billion-$145 billion this year, largely driven by AI investments. The company's total debt stood at $83.67 billion as of September 30, according to data compiled by LSEG.
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. The Inference, citing a separate S&P Global report, said S&P cut its outlook on Meta to negative on October 30, 2026 over projected cash deficits of $39 billion in 2026 and $71 billion in 2027. The Inference also said the 30-year tranche priced at a 220 basis point spread over US Treasuries, against roughly 132 basis points for a comparable bond in April.
Meta also priced $25 billion of common stock and $12.5 billion of preferred shares the previous week, part of its record equity raise, according to The Next Web. Alphabet sold a €6 billion euro bond on November 2, 2026, and Microsoft completed a $25 billion deal the week before, the same outlet reported.