If given the green light, it will be the biggest non-Japanese corporate dollar loan in Asia.
The loan terms include an option to exercise an "additional placement" (greenshoe) which, if used, will result in a higher borrowing amount. The loan duration may be extended for up to five years.
Citigroup Inc., Goldman Sachs Group and JPMorgan Chase & Co. are working together to raise funds.
ByteDance had plans before to extend the term of the $5 billion loan it borrowed in 2021 for an additional three years. The rise in fundraising suggests that the company is looking to capitalize on the conditions in the Asian credit market, with ample liquidity but limited deal activity, according to the agency.
source: bloomberg.com
The loan terms include an option to exercise an "additional placement" (greenshoe) which, if used, will result in a higher borrowing amount. The loan duration may be extended for up to five years.
Citigroup Inc., Goldman Sachs Group and JPMorgan Chase & Co. are working together to raise funds.
ByteDance had plans before to extend the term of the $5 billion loan it borrowed in 2021 for an additional three years. The rise in fundraising suggests that the company is looking to capitalize on the conditions in the Asian credit market, with ample liquidity but limited deal activity, according to the agency.
source: bloomberg.com
