Facebook kept the Securities and Exchange Commission busy late Thursday, following up its Form 8-K filing — in which it announced a five-year senior unsecured revolving credit facility with JPMorgan Chase, allowing it to borrow up to $6.5 billion — with Form 4 filings by Chief Marketing Officer David Fischer, Vice President and General Counsel Colin Stretch, and Chief Accounting Officer Jas Athwal.
Line of Credit
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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.