Square raises hundreds of millions of debt financing

Posted Apr 7, 2014

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.