All Posts Tagged Tag: ‘line of credit’

Facebook Gets $8 Billion Line of Credit

As part of some strategic moves Facebook is making ahead of their IPO, the company has received financing to the tune of $8 billion. The loans include a $5 billion revolving line of credit and a $3 billion 364-day bridge loan. This credit line will replace the companies current $2.5 billion revolving credit line used for general business purposes. The …

Read More