The NBA will borrow $175 million on February 26 and will make the cash available to 15 teams.

The credit will supplement an existing $1.7 billion credit facility that uses the league's media contracts as collateral to secure loans for teams.

Half of all clubs made their interest known in response to an NBA survey.

"In this economic environment, it's tremendous that the league can place such a facility," said Alex Martins, chief operating officer of the Orlando Magic. "It certainly helps us bridge the time period between now and when we move into our new events center in 2010. We've been operating at a $15 [million] to $20 million [annual] loss over the past half-dozen years, so it helps us."

Via Sports Business Journal

General Basketball, Orlando Magic

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