Nvidia Plans First Bond Sale Since 2021 to Raise $20 Billion
Nvidia will issue $20 billion in debt through its first bond offering since 2021. The sale comes as technology companies increase borrowing to fund artificial intelligence projects.
finance.yahoo.comNvidia will issue $20 billion in debt through its first bond sale since 2021. The offering will add to the company's existing cash reserves and support ongoing operations.
Background on the Offering The company has not accessed public debt markets since its last bond issuance in 2021. Proceeds from the new sale will be used for general corporate purposes, according to the filing.
Technology firms have increased debt issuance in recent months to finance artificial intelligence infrastructure. The transaction is expected to close in the coming weeks, subject to market conditions.
