Amazon received $2 billion credit line: helping New Business Investment

On July 15, September 6, Beijing time, Amazon said in a file submitted to regulatory authorities on Friday that the company had received a credit line of $2 billion. This will bring more help to Amazon CEO Jeff Bezos and help Amazon invest in new businesses.

According to the document, the credit agreement between Amazon and Bank of America lasts for two years and can be renewed for three years after both parties agree.

Amazon announced its second-quarter earnings last month, with a loss of $0.126 billion, more than double the previous forecast. This is mainly because the increase in costs exceeds the increase in revenue. Although Amazon is still one of the most valued companies in the United States, its profits are adversely affected by Bezos's investment in cloud computing, warehouses, and fire smartphones.

A spokesman for Amazon declined to comment on the message.

Last month, Amazon announced the acquisition of the game streaming video website twitch at a price of $0.97 billion in cash. In addition, Amazon is also maintaining its international expansion speed, the investment targets include China, India, Spain and Italy.

Amazon also announced this week that its Chief Financial Officer Thomas szkutak will retire in June 2015, and Brian olsavsky, vice president of finance for global consumer business) will become his successor.

In the quarter ended June, Amazon's long-term loan amounted to $3.12 billion. The document shows: "loans obtained under credit agreements may be used for work capital, capital expenditures, acquisitions, and other enterprise purposes ."

Moody's, a credit rating agency, has a long-term credit rating of baa1 on Amazon, and its outlook is stable. S & P's credit rating for Amazon is AA-and its outlook is stable. (Weijin)

Amazon received $2 billion credit line: helping New Business Investment