Business Context and Reporting Period
Company: Amazon.com, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 23, 2020
Event: Entry into a Material Definitive Agreement regarding an amended and restated credit facility.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or specific debt balances. The document focuses exclusively on the restructuring of a credit facility.
- Facility Type: Revolving credit facility.
- Administrative Agent: JPMorgan Chase Bank, N.A.
- Term Extension: Extended to June 23, 2023.
- Usage: General corporate purposes and backstopping commercial paper issuances.
Material Changes
The Company amended and restated its existing credit agreement originally entered into on April 27, 2018. The primary material change is the extension of the revolving credit facility's maturity date to June 23, 2023.
Outlook, Risks, and Management Commentary
Management Commentary: The agreement allows the Company to utilize borrowings for general corporate purposes and to support its commercial paper program. The filing notes that the financial institutions involved are full-service institutions that may engage in various activities with the Company, for which they receive customary fees.
Risks and Contingencies: The filing does not disclose specific new risks or contingencies beyond the standard terms of the credit agreement, which are incorporated by reference as Exhibit 10.1.
Investor Verification Checklist
- Review Exhibit 10.1 (Amended and Restated Credit Agreement) for specific interest rates, covenants, and borrowing limits.
- Verify the total committed amount of the revolving credit facility, as the specific dollar value is not stated in the summary text.
- Confirm the status of the Company's commercial paper program to understand the backstopping requirement.
- Check subsequent filings for any drawdowns on this facility or changes in the lender group.
