Meta Platforms, Inc. Inc. aims to raise at least $25 billion from a bond sale, according to people familiar with the matter, raising cash amid surging growth of artificial intelligence spending.

U.S.-listed shares of the company fell 10% in premarket trading.

The firm has begun marketing a dollar-bond sale in as many as six parts, ranging from five to 40 years in length, according to one person, who also asked not to be identified as they’re not authorized to speak publicly.

Initial price talk of the 40-year note is for a premium of about 1.4 percentage points above Treasuries, the person said. Proceeds would go toward general corporate purposes.

Citigroup Inc. and Morgan Stanley are managing the bond sale. The banks and Meta didn’t immediately respond to requests for comment.