Facebook has stated that the additional work of German Bank, Citi, Credit Suisse, get on your IPOQ

Facebook Inc. (FB) has hired the German Bank AG (DBK), Credit Suisse Group AG (CSGN) and Citigroup Inc. (C) To $ 5 billion public offerings of its work and give more access to credit, a person with direct knowledge of the situation.

To provide new and existing banks Facebook a company additional credit line of more than $ 2.5 billion, said the source who remain anonymous because the decision is not public. Morgan Stanley, JPMorgan Chase & Co., Goldman Sachs Group Inc., Bank of America Corp., Barclays PLC and Allen & Co. We’re the ones who were recruited from the IPO.

Facebook’s new headquarters in Menlo Park, California. Photographer: Peter DaSilva / EPA / Corbis

Facebook Inc. Logo “Like” is displayed on a sign at the entrance of the company’s headquarters in Menlo Park, California. Photographer: David Paul Morris / Bloomberg

The measure would give the social network, with sales nearly doubled to $ 3710000000 last year, a pipeline of over $ 5 billion loan potential. Compared with a credit line of $ 3 billion for Google Inc. (GOOG), the Internet Society of the United States worth more. While advertising is unusual debt for an Internet company, the movement itself cannot dampen the demand for the shares of Facebook, said Sameet Sinha, an analyst at B. Riley & Co.

“The demand for the shares of Facebook will be so high that I think that most investors will simply ignore this aspect,” says Sinha, who is based in San Francisco. ”I see in the overall assessment.”

Facebook, led by founder Mark Zuckerberg, has filed for an IPO last month, then the pursuit of what is to be the largest Internet site in history.

The payment of fees, legal

The credit line extended help Facebook (FB) to pay the IPO after taxes and legal fees in a patent dispute possible with Yahoo (YHOO)! Inc., Depending on. Yahoo (YHOO), in Sunnyvale, California, has had Facebook this week, the technology to license the intellectual property covered by it and threatened legal action if no agreement is reached.

The additions of a new application must be described in the next few weeks, the person said. The first group of banks, except Allen, has already pledged 2.5 million through a revolving credit facility in Menlo Park, California, according to a filing last month.

Citigroup and Credit Suisse representatives declined to comment, as well as the spokeswoman for Facebook and the German bank. A representative of Morgan Stanley (MS), the head of the offer is also declined to comment.

Facebook filed to raise about $ 5 billion in an IPO, although the amount may change. He had always spoken to $ 10 billion, said a person familiar with the matter late last year. At this size, the largest ever IPO Facebook the show for an Internet company or technology, according to Bloomberg data compiled. Implied market value of Facebook was about $ 93000000000, based on a by auction this week Share Post Inc.

The banks can manage Facebook IPO fees of just 1 percent to 1.5 percent of total revenues from the sale to collect, said two people with direct knowledge of the matter on 1 February.

Reuters previously reported that Facebook intends to increase its credit line.