Sources: ByteDance plans to borrow up to $5B in a syndicated loan to refinance debt and pay for overseas expansion, as an IPO appears unlikely this year (Juro Osawa/The Information)

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Juro Osawa / The Information:
Sources: ByteDance plans to borrow up to $5B in a syndicated loan to refinance debt and pay for overseas expansion, as an IPO appears unlikely this year  —  TikTok owner ByteDance is in talks with banks to borrow up to $5 billion in a syndicated loan to refinance debt and pay for overseas expansion …

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