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, two
sources with knowledge of the matter said 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
sources, who did not want to be named because the discussions
are confidential, said.
Bloomberg News had earlier reported that the loan will
be partly used to refinance an existing $5 billion dual-tranche
facility.