Meta Platforms completes $15 billion bond sale

Meta Platforms shares rose 2.68% to $621.29 following the completion of a $15 billion bond sale. The company sold five series of senior notes with maturities ranging from 2031 to 2056.

Coupon rates for the notes ranged from 5.85% to 7.50%, with longer maturities carrying higher rates. The largest tranche, totaling $4 billion and due in 2036, carries a 6.55% annual coupon. Other tranches included $3.25 billion due in 2031 and 2033, $1.75 billion due in 2046, and $2.75 billion due in 2056.

In a concurrent offering, Meta expanded its forward stock offering to 46 million Class A shares, priced at $625 each. The company projects up to $145 billion in capital expenditures for 2026 to support the expansion of its AI infrastructure. Moody’s assigned the new notes an Aa3 rating with a stable outlook, while S&P rated them AA- with a negative outlook.