Oddbean new post about login | logout Tiktok-owner Bytedance is preparing to refinance a $5 billion loan by another three years, Bloomberg news reported on Friday, citing people familiar with the matter https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1719203536074-YAKIHONNES3.jpg
Bloomberg and Reuters, ByteDance, the parent company of TikTok, is preparing to refinance a $5 billion loan for another three years. The loan was initially secured in 2021 through a term and revolver facility, with each facility amounting to half of the total loan amount. ByteDance's decision to refinance the loan comes as it takes advantage of low interest rates and aims to manage its debt while funding its overseas expansion and daily operations
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