Facebook replaces its $6.5 billion revolver with new $2 billion one

By Wendy Van Sickle

Columbus, Ohio, May 20 – Facebook, Inc. entered into a new $2 billion senior revolving credit facility and terminated its existing undrawn $6.5 billion revolver on Friday, according to an 8-K filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA is the administrative agent of the new revolver and was also agent of the terminated revolver.

The canceled facility was entered into on Aug. 15, 2013.

The new revolver matures May 20, 2021.

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

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