BRIEF-Meta Platforms Inc Raises $10 bln in bond offering

BY Reuters | CORPORATE | 08/09/22 06:32 PM EDT

Aug 9 (Reuters) - Meta Platforms Inc (META):

* META PLATFORMS INC (META) - ON AUGUST 9, ENTERED INTO AN INDENTURE AND A SUPPLEMENTAL INDENTURE WITH U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE

* META PLATFORMS INC (META) - PURSUANT TO INDENTURE COMPANY ISSUED $2.75 BILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 3.500% SENIOR UNSECURED NOTES DUE 2027

* META PLATFORMS INC (META) - PURSUANT TO INDENTURE COMPANY ISSUED $3.00 BILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 3.850% SENIOR UNSECURED NOTES DUE 2032

* META PLATFORMS INC (META) - PURSUANT TO INDENTURE COMPANY ISSUED $2.75 BILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 4.450% SENIOR UNSECURED NOTES DUE 2052

* META PLATFORMS INC (META) - PURSUANT TO INDENTURE COMPANY ISSUED $1.50 BILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 4.650% SENIOR UNSECURED NOTES DUE 2062 Further company coverage:

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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