TikTok parent ByteDance eyes $9.5 bn in record Asia dollar corporate loan

ByteDance Ltd., the Chinese owner of TikTok, is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, according to people familiar with the matter.

Citigroup, Goldman Sachs and JPMorgan are the coordinators of the latest financing, which carries a tenor of three years and can be extended to a maturity of up to five years, said the people, who asked not to be identified discussing a private matter.