MasterCard Swaps $2 Billion Credit Facility

Zacks.com submits:

This week, MasterCard Inc. (MA) entered into a new three-year credit facility worth $2.75 billion, thus replacing a prior $2.0 billion credit facility that was supposed to expire in April 2011. The new credit facility will expire on November 22, 2013. While the majority of credit facility lenders are customers or affiliates of customers of MasterCard International, the terms of the agreement remain undisclosed.

In April 2008, MasterCard’s unsecured revolving credit facility had been extended to April 2011. This facility, which had been initiated in April 2006, has now been replaced by the new one, with a revised expiration date of November 2013. The available funding under the previous credit facility was worth $2.5 billion through April

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