AMAZON.COM, INC. (NASDAQ:AMZN) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
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Item 1.01. CREATION OF A DIRECT FINANCIAL OBLIGATION OF A REGISTRANT. |
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Item 1.01. OTHER EVENTS. |
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Item 1.01. FINANCIAL STATEMENTS AND EXHIBITS. |
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EXHIBIT 10.1
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| Item 1.01. | ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. |
On April 27, 2018, Amazon.com, Inc. (the “Company”), Bank of America, N.A., as administrative agent, and the lenders party thereto entered into an amended and restated credit agreement (the “Amended and Restated Credit Agreement”). The Amended and Restated Credit Agreement amends and restates the existing credit agreement entered into by the Company on May20, 2016, to increase the Company’s borrowing capacity under its unsecured revolving credit facility from $3.0billion to $7.0billion and to extend the term of the agreement to April 27, 2021. Borrowings under the Amended and Restated Credit Agreement will be used for general corporate purposes, including backstopping any Notes that the Company may issue under the Commercial Paper Program disclosed in Item 1.01 below.
The financial institutions party to the Amended and Restated Credit Agreement and their respective affiliates are full service financial institutions engaged in various activities, which may include sales and trading, commercial and investment banking, advisory, investment management, investment research, principal investment, hedging, market making, brokerage, and other financial and non-financial activities and services. Certain of these financial institutions and their respective affiliates have provided, and may in the future provide, a variety of these services to the Company and to persons and entities with relationships with the Company, for which they received or will receive customary fees and expenses.
The foregoing description of the Amended and Restated Credit Agreement is qualified in its entirety by the terms of such agreement, which is filed hereto as Exhibit 10.1 and incorporated herein by reference.
| Item 1.01. | CREATION OF A DIRECT FINANCIAL OBLIGATION OF A REGISTRANT. |
The information set forth in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 1.01.
On April 27, 2018, the Company established a commercial paper program (the “Commercial Paper Program”) under which the Company may issue on a private placement basis unsecured commercial paper notes (the “Notes”) up to a maximum aggregate amount outstanding at any time of $7.0billion. Under the Commercial Paper Program, the Company may issue Notes from time to time, with maturities that vary, but do not exceed 397 days from the date of issue. Amounts available under the Commercial Paper Program may be reborrowed. The proceeds of the Notes are expected to be used for general corporate purposes.
| Item 1.01. | FINANCIAL STATEMENTS AND EXHIBITS. |
(d) Exhibits.
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AMAZON COM INC ExhibitEX-10.1 2 d574720dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION Deal CUSIP Number: 02313HAE0 Revolving Credit Facility CUSIP Number: 02313HAF7 AMENDED AND RESTATED CREDIT AGREEMENT Dated as of April 27,…To view the full exhibit click here
About AMAZON.COM, INC. (NASDAQ:AMZN)
Amazon.com, Inc. offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS). The Company’s North America segment focuses on retail sales of consumer products from sellers and subscriptions, through its North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx. The Company’s International segment includes export sales from its internationally focused Websites, including export sales from its sites to customers in the United States, Mexico and Canada. The Company’s AWS segment focuses on the sales of compute, storage, database and other AWS service offerings for start-ups, enterprises, government agencies and academic institutions. The Company offers Amazon Prime, which is an annual membership program.