SPCX Plans $20B Bond Offering

O) is planning an investment-grade US dollar bond offering of at least $20 billion to refinance a $20 billion bridge loan maturing September 2027, people familiar with the matter said. Banks may begin investor calls as early as next week, with outreach possibly starting Monday; size and timing remain subject to change. 1 billion of long-term debt. BofA, Citigroup, JP Morgan, Goldman Sachs and Morgan Stanley jointly provided the bridge and are expected to lead underwriting.