TikTok's parent company ByteDance is eyeing a US$9.5 billion loan from banks, which would mark the biggest dollar-denominated corporate facility in Asia ex-Japan, according to reports.
Banking institutions like Citigroup, Goldman Sachs, and JP Morgan are showing interest in the loan deal, which has a three-year tenure with the flexibility to extend the repayment period up to five years under certain circumstances, Bloomberg reported citing people familiar with the matter.
