Facebook Enters Five-Year Senior Unsecured Revolving Credit Facility With JPMorgan Chase
Facebook announced in a Form 8-K filing with the Securities and Exchange Commission Thursday that it entered into a five-year senior unsecured revolving credit facility with JPMorgan Chase, allowing it to borrow up to $6.5 billion, and replacing its existing credit facilities. The company also paid off the $1.5 billion principal amount that had been outstanding under the now-terminated amended and restated term loan, also with JPMorgan Chase.
Facebook announced in a Form 8-K filing with the Securities and Exchange Commission Thursday that it entered into a five-year senior unsecured revolving credit facility with JPMorgan Chase, allowing it to borrow up to $6.5 billion, and replacing its existing credit facilities. The company also paid off the $1.5 billion principal amount that had been outstanding under the now-terminated amended and restated term loan, also with JPMorgan Chase.
The company said any amounts owed under this facility will be due Aug.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in