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Amazon Plans Debt Offering to Finance Whole Foods Deal

Amazon reported $7.68 billion of long-term debt as of June 30. Inc. AMZN 0.12% is on track to sell as much as $16 billion of bonds Tuesday to help fund its purchase of Whole Foods Market Inc., WFM -0.17% making a relatively rare trip to the debt market as it looks to become a major player in the grocery industry.

Amazon is expected to draw large demand for its bond offering, some investors said. The company is already a dominant figure in the retail sector, generating billions of dollars in cash flow annually, and the debt sale is just its fourth since 1998 and first since Dec. 2014, according to Dealogic.

Investors said they expect Amazon to sell around $14 billion to $16 billion of bonds across seven different maturities, ranging from three to 40-years. That puts the offering on track to become the fourth-largest U.S. corporate bond deal of the year, according to...