Findings have revealed that Meta Platforms Inc, is planning to raise $7 billion in a second bond offering.
According to Bloomberg, this was disclosed through a ‘person familiar with the case’.
The report also suggested that the oldest 40-year security in the five-part bond offering may yield 215 basis points above Treasuries.
According to the article, Facebook’s parent company will use the money to make acquisitions or investments, pay down debt, and make capital expenditures.
Recall that the company beat expectations for first-quarter profit and revenue on Wednesday, and its shares gained about 13% last week