ByteDance is reportedly preparing to receive a $29.6 billion syndicated loan, after banks showed enough demand for the company to expand the planned facility from $20 billion. The funds would be used for general corporate purposes.
The transaction has not yet been formally signed, with banks still confirming their allocations. ByteDance is also reportedly considering raising its 2026 capital expenditure to as much as $70 billion, mainly for data centers and other AI infrastructure, although the company has not publicly commented on the financing. [Yicai, in Chinese]