ChainThink reports that on September 3, according to Yicai, ByteDance will receive a syndicated loan of approximately $29.6 billion.
The loan was initially planned to raise $20 billion, but due to strong demand from banks, the final size expanded to $29.6 billion, with proceeds primarily intended for general corporate purposes. The transaction has not yet been formally signed, and banks are still confirming their allocated portions.
Upon completion, this loan will become the second-largest U.S. dollar-denominated syndicated loan in Asia this year, following SoftBank Group’s $40 billion bridge loan in March.
Meanwhile, ByteDance is accelerating its AI investments, considering raising its 2026 capital expenditure to as much as $70 billion—more than double last year’s amount—primarily to expand data centers and other AI infrastructure.
Its last major offshore loan occurred in 2024, raising approximately $10.8 billion.