ServiceNow (NOW.US) plans to issue bonds worth $4 billion in order to replace short-term loans and support the expansion of AI to the scale of hundreds of billions.

Zhtng Cijng APP learned that the software company ServiceNow (NOW.US) is seeking to raise approximately $4 billion through a high-grade bond issuance related to a recent acquisition, but the issuance is still in the potential stage. According to sources familiar with the matter, Barclays, Citigroup, JPMorgan, and Wells Fargo arranged conference calls with investors on Monday local time. These sources, who requested anonymity as they were not authorized to discuss the matter publicly, stated that bonds may be issued later but plans may change.