"Byte Dance" aims to get a $ 9.5 billion loan

‘Byte Dance’, the Chinese company that owns the ‘Tech Talk’ application, used banks to obtain a $ 9.5 billion loan, which will be the largest facility in dollars acquired by a company in Asia, except Japan, according to people familiar with the matter. The people who asked not to disclose their identity were mentioned, because the issue is especially that the ‘city group’, ‘Goldman Sachs’ and ‘JP Morgan’, which is three years, are coordinated, and its right can be expanded to five years. The size of the loan that ‘byte -dance’ tries to get bigger than it was previously expected, suggesting that the company is eager to take advantage of the Asia loan market, which is abundant in the liquidity amid a scarcity of the flow of loan offers. The amount of loans in dollars, with the exception of bilateral facilities, fell 44% in the first half of this year to about $ 45.5 billion in the first half of this year, except for Japan. This is the lowest level since 2010, according to the data collected by “Bloomberg”. Byte -dance did not respond to the comments requests. The loan drains will be partially used to refinance a $ 5 billion dollars on double glyfly facilitation collected by the group in 2021, according to data collected by “Bloomberg”. People said that “byte -dance” would also use financing for working capital. According to the people, the new “byte dance” loan carries an option that allows an increase in its size of over $ 9.5 billion, adding that the company will pay an opening interest margin of 85 basis points above the standard financing price for one night. The Beit Dance, based in Beijing, was founded in 2012 and soon became one of the leading social communication companies in China thanks to the video application for cell phones, “Douyin”, which is widely used. It is also the parent company of “Tech Talk”, the social media application is widespread in the United States, which has become an ignition point in recent years in the relations between the two countries. “Byte Dance” is looking for expanding its basic work of advertising online to storm areas such as e -commerce and obstetrician artificial intelligence. Within China, “Byte Dance” is one of the most important local technology companies who have spent billions of dollars on research and development for important language models and artificial intelligence applications such as “Chat GBT”. Outside plans “tap Talk” to launch the direct mall in more European markets, after its success in the United States.