Amazon this afternoon disclosed a new credit agreement with Bank of America that will let the Seattle company borrow as much as $2 billion over the next two years. The funds can be used for “working capital, capital expenditures, acquisitions, and other corporate purposes,” according to an SEC filing.
Amazon last week agreed to buy game streaming company Twitch for $1.1 billion, including $970 million in cash. The company reported $5.1 billion in cash and equivalents as of June 30, down from $8.7 billion as of the end of 2013.
