A representative for Alphabet did not immediately return a request for comment [File]
| Photo Credit: REUTERS
Google owner Alphabet is tapping the U.S. dollar and euro debt markets in a multi-tranche senior unsecured notes offering.
The digital media and tech giant will use the proceeds from the note sale for general corporate purposes, including the potential repayment of a portion of its outstanding debt, according to a Monday report by Moody’s Ratings.
Alphabet last took out fresh debt in April, tapping the euro debt market for 6.75 billion euros ($7.87 billion) for the first time. Tech peer Oracle itself sought $18 billion in new debt in September, while Meta raised $30 billion in bonds last month.
Demand for cloud and artificial intelligence services from Alphabet and other tech conglomerates is on the rise.
“These corporations…
