Square raises hundreds of millions of debt financing

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Mobile payments company Square has secured a revolving credit facility that is worth hundreds of millions of dollars, according to Re/Code. The new funding was part of a deal led by Goldman Sachs with participation from Morgan Stanley, J.P. Morgan, Barclays, and Silicon Valley Bank. “Securing access to low-cost capital always makes financial sense, even for a well-capitalized company like Square,” stated a Square spokesperson in an interview.

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