top of page
Sep 31 min read

ByteDance Seeks US$9.5 Billion Corporate Loan in Asia

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.


ByteDance logo
Credit: REUTERS

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

As Asia becomes the fastest growing tech adoption region, biz360tv is committed to keeping readers up to date on the latest developments in business technology news in Asia and beyond.

While we use new technologies such as AI to improve our storytelling capabilities, our team carefully select the stories and topics to cover and goes through fact-checking, editing, and oversight before publication. Please contact us at editorial@tech360.tv if you notice any errors or inaccuracies. Your feedback will be vital in ensuring that our articles are accurate for all of our readers.

bottom of page