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Facebook Unveils Five-Year $6.5 Billion Credit Line in New Pact

Facebook Inc., owner of the world’s most popular social-networking service, unveiled a new $6.5 billion credit line that replaces two separate facilities for borrowing money in the same amount.

The Menlo Park, California-based company terminated a previously held $5 billion revolving credit facility that it hadn’t drawn down, according to a regulatory filing today. Facebook also had a $1.5 billion loan facility -- used for paying taxes tied to its 2012 initial public offering -- that it recently repaid, the company said.