06:45 AM EDT, 08/28/2025 (MT Newswires) -- Alibaba Group ( BABA ) is in discussions with banks to refinance a $6.5 billion loan due next year, Bloomberg reported Thursday, citing sources familiar with the matter.

The company is offering pricing of less than 80 basis points over the secured overnight financing rate for a new five-year revolving credit facility to current lenders, sources told Bloomberg.

It added that the talks are still ongoing and terms could change.

Alibaba ( BABA ) did not immediately respond to MT Newswires' request for comment.

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