Lenders renewed the NBA's league-wide credit facility on Monday, according to the Associated Press.

Seventeen of the team's thirty teams have borrowed $2 billion since the credit facility was established in 2003.

"The renewal of the credit facility demonstrates the lending community's continued high level of confidence in the financial strength of the NBA and the value of our teams," NBA chief financial officer Robert Criqui said in a statement.

Via ESPN

General Basketball

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