ByteDance in talks with banks to borrow over $4 billion: Sources

September 08, 2021 4:20 PM

BEIJING (REUTERS) – ByteDance, the Chinese owner of short-video platform TikTok, is in talks with Wall Street banks to borrow more than US$3 billion (S$4 billion) to refinance its debt, according to two people with the knowledge of the matter.

Source : http://www.straitstimes.com/business/companies-markets/bytedance-in-talks-with-banks-to-borrow-over-4-billion-sources