Amazon has obtained a total loan amount of $17.5 billion led by Citigroup.

Amazon disclosed in regulatory filings that it has signed a $17.5 billion loan agreement with a syndicate of banks led by Citigroup. According to the regulatory filings submitted on Wednesday, the lenders have agreed to provide this delayed-draw term loan, with the facility remaining available until the end of September this year. Amazon is required to repay the loan within three years of borrowing each drawdown. The interest rate on the loan will be a floating rate, based on the secured overnight financing rate, plus an additional 0.625 to 0.875 percentage points, depending on Amazon's credit rating. Other banks participating in the deal include JPMorgan Chase, Bank of America, HSBC, and Credit Suisse. In addition, more than a dozen other banks have also participated in this financing.