ByteDance’s $29.6B Loan Signals Massive AI Infrastructure Pivot
ByteDance has secured a $29.6 billion syndicated loan, the second-largest USD-denominated borrowing in Asia for 2026. The facility, coordinated by Citigroup and JPMorgan, was finalized in early September after orders topped $30 billion, allowing the company to upsize from its initial $20 billion target. The pricing tells its own story. At 68 basis points over…