ByteDance Seeks US$9.5 Billion Corporate Loan in Asia

tech360.tv
Sep 3, 2024
1 min read

Updated: Aug 26

ByteDance is in discussions with banks for a US$9.5 billion loan in Asia. Citigroup, Goldman Sachs, and JPMorgan are leading the financing. The loan has a three-year tenor, extendable up to five years.

The financing is being orchestrated by Citigroup, Goldman Sachs, and JPMorgan. The loan has a three-year tenor that can be extended up to five years, according to sources who chose anonymity due to the confidential nature of the discussions.

Bloomberg News previously reported that a portion of the loan would be used to refinance an existing US$5 billion dual-tranche facility.

ByteDance is in discussions with banks for a US$9.5 billion loan in Asia.
Citigroup, Goldman Sachs, and JPMorgan are leading the financing.
The loan has a three-year tenor, extendable up to five years.

Source: REUTERS

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