Daily News: January 23, 2015

NBA May Increase Credit Line by At Least $1 Billion

Bloomberg reported the National Basketball Association will reportedly increase its credit line by at least $1 billion on the strength of Steve Ballmer’s $2 billion purchase of the Los Angeles Clippers and its new television contracts, according to two people with direct knowledge of the matter.

According to the Bloomberg sources, the credit pact will be co-led by JPMorgan Chase and Citigroup.

To read the entire Bloomberg article, click here.