ByteDance Secures $9.5 Billion Loan for Overseas Expansion

The TikTok owner's financing deal marks the largest dollar-denominated corporate loan in Asia outside Japan.

Citigroup, Goldman Sachs, and JPMorgan are coordinating the three-year loan, which can be extended to five years.
The loan will help fund ByteDance's overseas e-commerce operations, including TikTok Shop.
Part of the loan will refinance an existing $5 billion dual-tranche facility.
The financing move is a strategic effort to maintain strong relationships with international banks.
Chinese tech giants like Tencent and JD.com also commonly issue bonds overseas due to foreign currency exchange challenges.