Twitter has obtained a $1 billion credit line ahead of its initial public offering, the company disclosed last night in an amended investor prospectus.
Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch and Deutsche Bank were involved in arranging the credit deal, Thomson Reuters reported earlier this month.
The banks are also underwriters of Twitter's IPO.
No amounts have been drawn under the credit facility, Twitter said.
The micro-blogging company, the most closely watched social media IPO prospect since Facebook went public last year, is expected to begin trading on the New York Stock Exchange by the middle of November.
Twitter also disclosed that MoPub, a digital advertising exchange it acquired in September, had lost $2.8m in the first six months of the year on $6.5m in revenue.
Twitter paid $350m in stock for MoPub, its largest acquisition to date. The deal is expected to close in November, according the filing.
