ByteDance raises $29.6bn, Asia’s second-biggest loan this year, and pays less for it

ByteDance has landed a $29.6bn loan, the second-largest in Asia this year and roughly three times what the TikTok owner borrowed offshore in 2024. Banks put in more than $30bn of orders for a facility that started life at $20bn. The terms were first reported by Bloomberg. Citigroup and JPMorgan are coordinating the deal, which runs […] This story continues at The Next Web

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