Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On October 25, 2012, Facebook, Inc. (the "Company") drew $1.5 billion under its
amended and restated unsecured term loan facility (the "Amended and Restated
Term Loan") with J.P. Morgan Securities LLC, as Administrative Agent, and the
lenders party thereto. 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 $1.5 billion draw is subject to
the interest, events of default and other terms set forth in the Amended and
Restated Term Loan, a copy of which was filed as exhibit 10.1 to the Current
Report on Form 8-K filed by the Company on October 15, 2012.
Add
FB to Portfolio
Set Alert
Email to a
Friend