WWE Takes Out Huge Line Of Credit For New Channel

Justin LaBar

The Wrestling Observer is reporting that WWE has taken out $200 million line of credit with JP Morgan Chase Bank.  WWE said they would be doing this because interest rates are low right now and it would be used to help finance the new television network which is set to launch sometime in 2012. Vince McMahon stated earlier this year that the company would be willing to go into debt spending, which is something they have avoided doing in past years for any project.

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