In regards to a recent report that WWE had taken out a $200 million line of revolving credit with JP Morgan Chase Bank on 9/9, The Wrestling Observer Newsletter noted this week that WWE had yet to borrow any money from the line of credit. WWE also claimed they had no plans at this time to borrow from it short-term. Indications were given that they may borrow for the launch of the upcoming WWE Network as well as expanding the current production facility (something they had planned to do years ago before dropping plans when the economy got bad). In the past, WWE didn’t want to take out any debt after taking out loans in 1996 and 1997 when business got bad and they were losing money.
More on WWE taking out new line of credit
