Facebook draws $1.5 billion under amended, restated unsecured facility

By Tali David

Minneapolis, Oct. 29 - Facebook, Inc. drew $1.5 billion under its amended and restated unsecured term loan facility, according to an 8-K filed with the Securities and Exchange Commission.

The draw was made to fund a portion of the tax withholding and remittance obligations of the company related to the vesting and settlement of restricted stock units in connection with the company's initial public offering.

No further amounts remain available to be drawn by the company under the amended and restated term loan, the filing said

J.P. Morgan Securities LLC is the administrative agent.

Facebook is a Menlo Park, Calif.-based social networking company.

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