Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Zynga Gets $100 Million Loan Financing for Corporate Purposes

July 30 (Bloomberg) -- Zynga Inc., the biggest developer of games played on Facebook Inc.’s social network, obtained a $100 million term loan to be used for general corporate purposes.

The debt, expiring June 30, 2017, will pay interest at 75 basis points more than the London interbank offered rate, the San Francisco-based company said today in a regulatory filing.

Zynga said it has a $1 billion revolving line of credit that it received a year ago. As of June 30, the company hadn’t drawn the credit.

A basis point is 0.01 percentage point. In a term loan, money can’t be borrowed again once it’s repaid.

To contact the reporter on this story: Krista Giovacco in New York at kgiovacco1@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.