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Report: Facebook Raises Venture Debt

Facebook, a Palo Alto, Calif.-based social networking company, has secured $100 million in venture debt from TriplePoint Capital, according to BusinessWeek. The report says that the capital will be used to buy additional servers, and that it chose debt so as not to cause further equity dilution. Facebook has raised around $500 million in prior funding, from firms like Accel Partners, Greylock and Microsoft.