Zynga’s Former $1 Billion Unsecured Line Of Credit Replaced To $200 Million

Posted on Jun 25 2013 - 11:39am by Editorial Staff

Zynga

According to a filing with the Securities Exchange Commission, Zynga’s unsecured revolving credit line cut from $1 billion to $200 million plus the length of the line has been now increased for a whole one extra year from four to five years.

Zynga, the popular social media games company has taken its wings off from taking it away from its long-term partnership with Facebook. Not only this, but the company since from its initial public offering, shed much of its worth. Plus, the company has also count on numbers of disappointing quarters as it tries to restore its users’ base and release more new games.

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