How you socialize online, who with, and how often can make or break your loan application: True or false? It is true, surprisingly. And it is likely to become more so.
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 has a potentially taxing problem on its hands, and the company will address it by increasing its $2.5 billion credit line.