NEW YORK (AP) ? Facebook says it has a new $5 billion credit deal, doubling a previous $2.5 billion credit agreement as it prepares for an initial public offering.
The social networking site based in Menlo Park, Calif., said in a regulatory filing Wednesday that it has also signed a $3 billion bridge-loan facility to pay taxes on restricted stock units in connection with its IPO. Those are employee shares that will vest when the company goes public.
Facebook, which has 845 million monthly active users by its own calculations, also disclosed that fake or duplicate accounts may represent about 5 percent to 6 percent of that figure.
The company also gave some new revenue insights by geography. Facebook says it is seeing rapid revenue growth in Brazil and in India.