morning
SAM350 USAF C-32A west from JBA depart
WISER21 USAF E-4B Nightwatch nw from Robins AFB ,GA
Turkish AF TURAF11 KC-135 tanker west from Dover AFB
try again this weekend or next.
still got time here another month or so of pleasant weather then africa
Amazon To Unleash Billions In Buybacks With Jumbo 8-Part Bond Offering
Having fallen over 10% from its all time high hit just a week ago, and currently in correction territory despite posting blockbuster results ju, Jeff Bezos - who has been in a stock selling spree lately - is making it clear that this aggression against his currency of choice will not stand, and on Monday morning Amazon announced a jumbo bond offering in 8 parts to refinance debt and buy back stock in its first offering in nearly a year.
The size of the offering, which is expected to price today, is unknown but is expected to be in the $10-$20BN range and will be vastly oversubscribed. As Bloomberg adds, Amazon has been a fairly infrequent issuer, but when it comes, it comes in big on those rare occasions, and unleashes a massive buyback spree as soon as the new cash is wired, sending its stock price bursting higher. It last tapped the bond market in June 2020, borrowing $10 billion for general corporate purposes in what was then the lowest rate in the history of the bond market, with the proceeds used to repurchase stock and sent AMZN stock soaring 40% higher in the next 3 months. Prior to that, it sold $16 billion of bonds in 2017 to help finance its acquisition of Whole Foods Market Inc. The company announced that it intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include, but are not limited to, repayment of debt, repurchases of outstanding shares of common stock, acquisitions, investments, working capital, investments in our subsidiaries, and capital expenditures."
The two-year bond will be allocated for eligible green or social projects. "We intend allocate an amount equal to the net proceeds from the sale of the Sustainability Notes to finance or refinance, in whole or in part, green or social Eligible Projects (as defined herein)."
JPMorgan, Citigroup, Morgan Stanley and Wells Fargo are managing the sale.
https://www.zerohedge.com/markets/amazon-unleash-billions-buybacks-jumbo-8-part-bond-offering