Alibaba signs $3bn revolver ahead of IPO

By Hassan Jivraj, Shruti Chaturvedi
28 Aug 2014

E-commerce giant Alibaba Group has signed a $3bn revolving facility with four lenders, just days before it starts premarketing its IPO.

Deutsche Bank, JP Morgan, Morgan Stanley, Citi are supplying the funds, which Alibaba intends to use for working capital and general corporate purposes. The loan, which was signed on August 20, was undrawn as of August 27.

The borrowing comes over a year after the company raised a ...

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