00:00It's Benzinga, bringing Wall Street to Main Street!
00:02NVIDIA plans to raise at least $20 billion in debt,
00:05marking the chipmaker's first bond sale since the start of the AI boom, according to CNBC.
00:11The company filed with the SEC on Monday, disclosing the capital raise without specifying
00:16a dollar amount, though sources said the total could reach $25 billion.
00:20NVIDIA carries about $7.5 billion in long-term debt and $1 billion in short-term debt.
00:26Its last debt raise in 2021 brought in $5 billion.
00:30The company said proceeds will fund general corporate purposes,
00:34including debt repayment and refinancing.
00:36NVIDIA generated $49 billion in free cash flow last quarter
00:40and has committed to returning roughly 50% of free cash flow to shareholders this year.
00:45For all things money, visit Benzinga.com.
Comments