NEW YORK (AP) —
Facebook 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 company based in Menlo Park, California, 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.
And it gave some new revenue insights by geography.
Facebook said in the filing that it is seeing rapid revenue growth in
Brazil and in India. The company had 27 million monthly users in Brazil,
up nearly fourfold from a year earlier but accounting for only 30
percent to 40 percent of the country's Internet-connected population.
Its presence in China, where Facebook access is restricted, is nearly
nonexistent.
Facebook's recent patent spat with Yahoo is also in
the updated filing. Yahoo Inc. sent a letter to Facebook on Feb. 27
alleging copyright infringement and threatening to sue. Facebook said in
the filing that it is still investigating Yahoo's claims and that Yahoo
has yet to file a lawsuit.
Copyright 2012 The Associated Press.