JPMorgan Agents $500MM Revolver for Twitter
Twitter closed a $500 million revolving credit facility with JPMorgan as administrative agent.
Twitter closed a $500 million revolving credit facility with JPMorgan as administrative agent.
Twitter amended its credit facility with Morgan Stanley Senior Funding as administrative agent. The amended facility comprises a $1 billion unsecured revolving credit facility.
The banks underwriting Twitter’s upcoming initial public offering have officially agreed to lend it as much as $1 billion over the next five years, according to an SEC filing.
Reuters reported that Twitter is finalizing a $1 billion revolving credit facility ahead of its expected initial public offering, sources told Thomson Reuters.
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.