Facebook Seeks Cash

March 2009
Red Herring;3/30/2009, p2
Trade Publication
The article reports that Facebook is in search of $100 million in debt financing to keep the servers running on its popular social-networking Web site. A report from "BusinessWeek," relates that the Palo Alto, California, company will use the financing to lease the computers it needs. Bank of America is one of the financial institutions approached by Facebook for the debt financing deal, according to the report. Facebook has lost access to credit from TriplePoint Capital, its largest debt financing provider.


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