Meta Taps Bond Market Days After $12.5B Raise

Meta Platforms filed to sell a new batch of senior notes this Wednesday, barely a week after closing a $12.5 billion offering of mandatory convertible preferred stock. Those preferred shares, sold through 250 million depositary shares with a $1,000 liquidation preference each, carry a 6.50% dividend. $META is hitting capital markets twice in the same week as it keeps funding its AI infrastructure buildout.