ByteDance taps banks for $9.5 billion Asia dollar corporate loan, Reuters reports

ByteDance taps banks for .5 billion Asia dollar corporate loan, Reuters reports

The ByteDance building of Shanghai ByteDance on Dec. 8, 2020, in Shanghai, China.

Xing Yun | Costfoto | Barcroft Media | Getty Images

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, Goldman Sachs and JPMorgan 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.

Source

World

Happiness researcher shares his ’90-second rule’ to live a better, more fulfilled life—it helps when you’re angry or upset

July 5, 2025

Mo Gawdat’s son, Ali, was 21 years old when he died due to medical negligence during a routine appendix surgery in 2014. Gawdat was devastated, confused and in a palpable state of shock. Then, 17 days later, he started writing a book on how to be happy, in his son’s honor. Gawdat has researched the […]

World

The tech sector still has legs in the second half, and Deepwater’s Gene Munster likes these names

July 5, 2025

Tech stocks helped lift the S & P 500 to a record in the first half, but Deepwater Asset Management’s Gene Munster said the artificial intelligence trade still has room to run in 2025 — and he shared a couple of his picks. The broad market index made a stunning turnaround from its April lows […]

World

OPEC+ members agree larger-than-expected oil production hike in August

July 5, 2025

The OPEC logo is displayed on a mobile phone screen in front of a computer screen displaying OPEC icons in Ankara, Turkey, on June 25, 2024. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance on Saturday agreed to lift their collective crude production by 548,00 barrels per day, as they […]