Earnings and Losses

MasterCard Swaps $2 Billion Credit Facility

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In Brief...

This week, MasterCard Inc. (MA) entered into a new three-year credit facility worth $2.75 billion, thus replacing a prior $2.0 billion credit facility that was supposed to expire in April 2011. While the majority of credit facility lenders are customers or affiliates of customers of MasterCard International, the terms of the agreement remain undisclosed.. In April 2008, MasterCard's unsecured revolving credit facility had been extended to April 2011. This implies that MasterCard has surpassed the Zacks Consensus Estimate by 6.17% over that period.. Moreover, with the equity market appreciation, MasterCard is also gearing up to tap new business opportunities in its debit portfolio while also seeking to expand through competitive advantages from prime rivals such as Visa Inc. (V).

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