Facebook in $8 bn credit deal ahead of IPO

As Facebook prepares for an initial public offering, the social networking company said that it has entered into a $5 billion credit deal.

Separately, Facebook has also signed a $3 billion bridge-loan facility to pay taxes on employee shares that will vest when the company goes public, it said in a filing.



Facebook also disclosed in the filing that it is seeing rapid revenue growth in Brazil and in India.  Its big challenge would be getting a foothold in China, where Facebook access is restricted.