EBay Increases Credit Pact to $2Billion
Published August 4th, 2007
Online auctioneer eBay Inc. doubled its credit pact with Bank of America, North America to $2 billion from $1 billion, according to a filing with the Securities and Exchange Commission.
In a Form 8K filed Friday with the SEC, eBay said it can now borrow up to $2 billion, with an increase option for up to an additional $1 billion, and the maturity date of its credit agreement was extended to Nov. 7, 2012.
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