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ByteDance eyes $9.5 bln in record Asia dollar corporate loan, Bloomberg News reports
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ByteDance eyes $9.5 bln in record Asia dollar corporate loan, Bloomberg News reports
Sep 2, 2024 4:40 PM

Sept 2 (Reuters) - TikTok-owner ByteDance is tapping

banks for a $9.5 billion loan that would be the biggest

dollar-denominated corporate facility in Asia ex-Japan,

Bloomberg News reported on Monday.

Citigroup ( C/PN ), Goldman Sachs ( GS ) and JPMorgan ( JPM )

are the coordinators of the financing, which carries a tenor of

three years and can be extended to up to five years, the report

said citing people familiar with the matter.

(Reporting by Mrinmay Dey in Bengaluru; Editing by Varun H K)

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