Meta seeks $20 billion to $25 billion in bond sale as AI spending rises

Meta is marketing debt for the first time in six months as it seeks $20 billion to $25 billion to fund AI investment. About $15 billion is reportedly being sought in US dollars, while its first euro-denominated notes may go on sale as soon as November 4. S&P recently revised Meta’s AA- rating outlook from stable to negative, citing uncertainty over capital spending and negative free cash flow.