Nvidia is preparing a major corporate bond offering that could reach $25 billion. The move marks the chipmaker's first debt sale since 2021 amid strong cash flows from AI demand.
The company filed paperwork for the multi-part offering of senior unsecured notes. Proceeds will support general corporate purposes, including debt repayment and refinancing.
Market reports indicate the deal may include seven tranches with maturities stretching from 2028 to 2056. This extends Nvidia's borrowing timeline well beyond its previous bond issuance.
Nvidia reported fiscal 2026 revenue of $216 billion and recent quarterly free cash flow of $49 billion. The firm holds $8.5 billion in existing senior notes and maintains unused capacity under its commercial paper program.
The planned sale reflects Nvidia's position of strength as AI-related spending continues to grow. Final terms on pricing and tranche sizes remain pending.
