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

I’m a travel expert who has visited 70 countries—these 7 phrases make you sound like ‘an obnoxious American’
World

I’m a travel expert who has visited 70 countries—these 7 phrases make you sound like ‘an obnoxious American’

I know what it’s like to have inconsiderate houseguests — the kind where you can’t wait for them to leave. I don’t ever want to be that person when I’m in another country.  I’ve been traveling almost as long as I’ve been alive. I’ve made it to all seven continents, 70 countries, and 47 U.S. […]

Read More
Top Wall Street analysts recommend these dividend stocks for regular income
World

Top Wall Street analysts recommend these dividend stocks for regular income

A sign is posted on the exterior of a Verizon store on September 30, 2024 in Daly City, California.  Justin Sullivan | Getty Images News | Getty Images As the stock market focuses on major earnings and negotiations on the tariff front, investors seeking a regular income stream continue to look for attractive dividend stocks […]

Read More
Stocks Jefferies’ analysts like going into earnings against the Wall Street consensus
World

Stocks Jefferies’ analysts like going into earnings against the Wall Street consensus

Jefferies believes that some stocks that haven’t felt the love recently from Wall Street could win big this earnings season. The second-quarter reports are coming fast and furious, with this week expected to be the busiest one. Approximately 30% of the S & P 500 — or 151 companies in the benchmark — are scheduled […]

Read More