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      ByteDance Secures $29.6 Billion Syndicated Loan

      ByteDance is set to secure a syndicated loan amounting to $29.6 billion, an increase from its initial target of $20 billion due to strong demand from banks. The funds will be allocated for general corporate purposes, although the transaction has yet to be officially signed as banks are still finalizing allocation amounts.

      Once finalized, this loan will rank as the second-largest dollar-denominated syndicated loan in Asia for 2023, following SoftBank Group's $40 billion bridge loan in March. ByteDance's previous significant overseas loan occurred in 2024, when it raised approximately $10.8 billion.

      In addition to securing this loan, ByteDance is reportedly accelerating its investment in artificial intelligence, with plans to raise capital expenditures to as much as $70 billion by 2026. This figure represents more than double the company's spending from the previous year, primarily aimed at expanding data centers and enhancing AI infrastructure.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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