ByteDance is in preliminary talks with banks for what could be its largest offshore loan, a proposed US$20 billion facility, according to people familiar with the matter.

If completed, the financing would exceed ByteDance’s previous offshore borrowing.

In September 2024, the company secured a US$9.5 billion to US$10.8 billion loan that was described at the time as Asia’s largest dollar-denominated corporate facility excluding Japan.

The talks come as ByteDance increases spending on AI infrastructure and seeks chips and chip design services, according to a separate report.

ByteDance did not immediately respond to a request for comment.

🔗 Source: Reuters

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