New York Post: JPMorgan, Morgan Stanley Win Twitter Business
According to the New York Post, JPMorgan Chase and Morgan Stanley have nabbed lead roles on a planned revolving line of credit for Twitter ahead of the social networking company’s anticipated stock debut.
Twitter is seeking a credit line of $500 million to $1 billion, ahead of its IPO, for working capital purposes, Post sources said. Goldman Sachs is believed to have secured the lead role in Twitter’s offering, which is expected to be launched around Thanksgiving, Post sources also reported.
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