Twitter lands $1 billion credit line ahead of IPO

Advertisement
By Reuters | Updated: 23 October 2013 10:39 IST
Twitter Inc has obtained a $1 billion credit line ahead of its initial public offering, the company disclosed Tuesday in an amended investor prospectus.

Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch and Deutsche Bank were involved in arranging the credit deal, Thomson Reuters LPC reported earlier this month. The banks are also underwriters of Twitter's IPO.

No amounts have been drawn under the credit facility, Twitter said.

The micro-blogging company, the most closely watched social media IPO prospect since Facebook went public last year, is expected to begin trading on the New York Stock Exchange by mid-November.

Advertisement

Twitter also disclosed that MoPub Inc, a digital advertising exchange it acquired in September, had lost $2.8 million in the first six months of the year on $6.5 million in revenue.

Advertisement

Twitter paid $350 million in stock for MoPub, its largest acquisition to date. The deal is expected to close in November, according the filing.

© Thomson Reuters 2013

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Twitter
Advertisement

Related Stories

Popular Mobile Brands
  1. Realme P4x 5G Launched in India With 7,000mAh Battery: See Price, Features
  2. Realme P4x 5G Launch Today: Know Price in India, Specs and More
  3. Motorola Edge 70 India Launch Date Leaked; Might Arrive With Bigger Battery
  4. OnePlus Ace 6T With Massive 8,300mAh Battery Launched at This Price
  5. Micron to Shut Down Crucial Amid Global RAM Shortage
  6. Apple Rolls Out iOS 26.2 RC Update for iPhone With These Fixes
  7. Pranav Mohanlal's Horror Thriller 'Dies Irae' Streams on OTT Soon
  8. Redmi 15C 5G First Impressions
  9. Apple Watch's Hypertension Notifications Feature Comes to India
  1. Bitcoin Price Consolidates Near $93,200 as Crypto Market Recovers From November Slowdown
  2. Realme P4x 5G Launched in India With MediaTek Dimensity 7400 Ultra SoC, 7,000mAh Battery: Price, Features
  3. iOS 26.2 Release Candidate Update Rolls Out to Beta Testers as Apple Prompts Users to Upgrade to iOS 26
  4. Amazon's Alexa+ AI Scene Search Feature Rolls Out to Prime Video on Fire TV: Here's How It Works
  5. Samsung Schedules 'The First Look' Event Two Days Ahead of CES 2026; Galaxy Z TriFold Global Launch Expected
  6. Micron Announces Exit from Consumer Business, to Shut Down Crucial Amid Global RAM Shortage
  7. Infinix Note 60 Ultra to Launch as Firm’s First Smartphone Designed by Pininfarina
  8. iPhone 17e Expected to Arrive With Thinner Bezels Alongside Dynamic Island: Report
  9. Apple Brings Hypertension Notifications Feature for Apple Watch to India: How to Use, Requirements, and More
  10. Samsung Galaxy Buds 4 Leak Hints at Smaller Battery; Galaxy Buds 4 Pro Could Get a Slight Upgrade
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.