Meta priced $15 billion of senior notes in five series, with the longest, a $2.75 billion tranche due 2056, carrying a 7.500% coupon and sold at 99.629% of face value for a 7.531% yield. Orders reached as much as $58 billion, about 3.9 times the deal size, but borrowing costs were well above Meta's April 30-year deal at 6.300% and 132 basis points over Treasuries. S&P's negative outlook projects free operating cash flow deficits of $22 billion, $71 billion and $39 billion for 2026 through 2028, with leverage of 1.1x in 2027 and 1.3x in 2028, above its 1.0x downgrade threshold. The article notes Meta can likely carry the debt, since annual interest on all five series is about $990 million compared with $32.79 billion of third-quarter operating cash flow.
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META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.6T |
| Close on 11/03/2026 | 620.95 |
| Change that session | +2.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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