$8B financing for Facebook
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Published
March 8, 2012, 5:00 a.m. ET
Facebook received an $8 billion package of financing and named 25 new underwriters ahead of its initial public offering.
The loans include a $5 billion five-year revolving line of credit and a $3 billion 364-day bridge loan, the Menlo Park, Calif.-based company said in a filing. The new credit facilities were arranged by JPMorgan Chase, Morgan Stanley, Goldman Sachs, Bank of America and Barclays.