Amazon More Than Doubles Credit Line
- Online retailer’s line of credit grows to $7 billion
- Credit line led by Bank of America, HSBC is due in 2021
How Jeff Bezos Became the King of E-Commerce
This article is for subscribers only.
Amazon.com Inc. is more than doubling its line of credit to $7 billion as it takes steps to fuel revenue growth, including building data centers, expanding internationally and producing original video content.
The line of credit, which was previously $3 billion, is led by Bank of America Corp. and HSBC Holdings Plc. Amazon opened the credit line in 2016. The new terms extend the agreement until April 27, 2021.