Mastercard Enters $6 Billion Credit Facility

Date : 11/15/2019 @ 8:09PM
Source : Dow Jones News
Stock : MasterCard Incorporated (MA)
Quote : 296.09  3.88 (1.33%) @ 12:59AM
After Hours
Last Trade
Last $ 296.00 ▼ -0.09 (-0.03%)

Mastercard Enters $6 Billion Credit Facility

MasterCard (NYSE:MA)
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By Dave Sebastian

 

Mastercard Inc. (MA) said it has entered a five-year unsecured $6 billion revolving credit facility on Thursday, amending its prior $4.5 billion credit facility that was to expire on Nov. 15, 2023.

Borrowings under the credit facility, which will expire on Nov. 14, 2024, are available in U.S. dollars and euros for general corporate purposes, Mastercard said.

Serving as the credit facility's managing administrative agent is Citibank NA, while JPMorgan Chase Bank NA serves as an administrative agent.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

November 15, 2019 14:54 ET (19:54 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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