Facebook Halving Credit Line, Extending Term

Facebook is tweaking its credit line due to a reduction in its potential tax liability, halving the total to $1.5 billion from $3 billion, but extending its term to three years from one year, according to reports.

Facebook is tweaking its credit line due to a reduction in its potential tax liability, halving the total to $1.5 billion from $3 billion, but extending its term to three years from one year, according to reports.

david.cohen@adweek.com David Cohen is editor of Adweek's Social Pro Daily.
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