Daily News: September 23, 2013

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.

To read the entire New York Post story, click here.