News Corp was able to get a revolving credit line worth USD 650 million, which would be good for five years. The debt would expire by October 2018. A regulatory filing showed that JPMorgan Chase & Co, Citigroup Inc and Commonwealth Bank of Australia facilitated the financing for the publishing company. News Corp is the owner of the Wall Street Journal. The New York-based company said in the filing the loan could be increased to USD 900 million.

According to Investopedia, a revolving credit is a type of credit where the customer would pay the lender a commitment fee. The company would then be allowed to use the funds when necessary.

Proceeds of the credit facility would be used for general business purposes. According to a Bloomberg report, News Corp's borrowings for its revolving credit line would be the company's only financial obligation. Chairman Rupert Murdoch had separated the publishing business from the entertainment arm last year. This resulted to News Corp becoming free of debt.