JP Morgan Chase and Morgan Stanley have bagged leading roles on a planned revolving line of credit for Twitter ahead of the company's IPO.
According to the New York Post, for the banking duo, landing the lead on Twitter's credit line is a sort of consolation prize after losing out on the more lucrative lead role in the microblogging site's IPO.
Goldman Sachs is believed to have nabbed the chief role in Twitter's offering to be launched sometime around Thanksgiving, the report said.
Twitter is seeking a credit line, for working capital purposes, of 500 million dollars to as much as 1 billion dollars ahead of its IPO, the report added.
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