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Activision Blizzard, Inc. Announces Syndication of $2.5 Billion Term Loan Credit Facility

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Activision Blizzard, Inc. Announces Syndication of $2.5 Billion Term Loan Credit Facility Powered By Docstoc
					
				
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posted:9/14/2013
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Description: SANTA MONICA, Calif.--(BUSINESS WIRE)--Activision Blizzard, Inc. (NASDAQ: ATVI) (the “Company”) announced today the completion of the syndication of a seven-year secured term loan credit facility totaling $2.5 billion (“Term Loan B”). The Company expects to also secure a revolving credit facility of $250 million. The closing of the Term Loan B and the revolving credit facility are subject to customary closing conditions. The borrowings under the Term Loan B, along with the proceeds from the issu
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