Tag Archives: Credit

Facebook Consolidates Its Credit Arrangements, Gets Flexible In Use Of Funds

Showing the opposite trajectory of Zynga, Facebook amended its credit arrangements with its bankers to provide additional flexibility in its use of the proceeds of the loans. The updated credit agreement provides for up to $6.5 billion in loans, and … Continue reading

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Zynga Downsizing Includes Its Credit Facility

As Zynga downsizes its workforce and operations, it also downsizes its credit facility with Morgan Stanley, Goldman Sachs and JPMorgan. As Zynga has faced some problems in its business, it had to make some changes, including ‚Äúsubstantial cost reductions, including … Continue reading

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