Twitter Takes Out $1 Billion Credit Line

Published on October 22, 2013
by Mike Isaac

Twitter secured a $1 billion revolving credit agreement ahead of its forthcoming initial public offering, according to a filing submitted to the Securities and Exchange Commission on Tuesday. Revolving credit facilities allow guaranteed funding access for corporations to draw upon, usually for operating expenditures which can fluctuate on a monthly basis. Twitter is expected to debut on the New York Stock Exchange next month.

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