ByteDance is set to secure a roughly $29.6 bln dollar-denominated syndicated loan, enlarged from an initial $20 bln plan after strong bank demand. Proceeds are for general corporate purposes. The transaction has not been signed and lenders are still confirming allocations. If completed, it would be the second-largest USD syndicated loan in Asia this year, after SoftBank’s $40 bln March bridge loan. ByteDance is accelerating AI investment and is considering raising 2026 capital expenditure to as

ByteDance is set to secure a roughly $29.6 bln dollar-denominated syndicated loan, enlarged from an initial $20 bln plan after strong bank demand. Proceeds are for general corporate purposes. The transaction has not been signed and lenders are still confirming allocations. If completed, it would be the second-largest USD syndicated loan in Asia this year, after SoftBank’s $40 bln March bridge loan. ByteDance is accelerating AI investment and is considering raising 2026 capital expenditure to as much as $70 bln—more than double last year—primarily to expand data centers and other AI infrastructure. Its last major offshore loan was about $10.8 bln in 2024.