Amazon Sets Up $80 Billion Supplier Loan Facility to Fund AI Hardware

The facility is notable less for its size than for its structure: Amazon is effectively collateralizing the hardware it buys from suppliers, turning procurement into a financing channel rather than a pure cash outlay. That matters for suppliers and lenders exposed to the arrangement, and it sits alongside a free cash outflow of $42.4 billion through September 30, suggesting capex intensity is reshaping the balance sheet. Whether the discretionary draw from early 2027 signals a deliberate shift in how AI infrastructure is funded, or merely a backstop, is the open question.