Meta to Tap Bond Market at ‘Measured Pace,’ CFO Says
- More debt may boost shareholder returns to $10b a quarter: BI
- Company last tapped the US high-grade market in May for $8.5b
The Meta corporate headquarters in Menlo Park, California.
Photographer: Josh Edelson/AFP/Getty ImagesThis article is for subscribers only.
Meta Platforms Inc. isn’t ruling out the bond market when it comes to adding to the company’s giant stockpile of cash, Chief Financial Officer Susan Li said in an interview with Bloomberg Television’s Caroline Hyde and Ed Ludlow on Thursday.
“We have been raising debt, we did earlier this year, just as we’re evolving our capital structure going forward, and that’s something that we’ll continue to do on a measured pace,” said Li. “We generate a lot of capital that we’re always looking to allocate across the organic opportunities that we have, and then of course, shareholder returns.”