TikTok developer ByteDance is in preliminary talks with banks for its largest-ever offshore loan of about $20 billion. The proposed loan may have a three-to-five-year tenor and is being sought as the company boosts investments in AI infrastructure, securing chips and design services. Discussions are in early stages and details could change.
ByteDance offshore loan
- ▪The proposed loan could carry a three-year tenor with an option to extend it to as long as five years
- ▪ByteDance, the developer of TikTok, is in preliminary talks with banks for an offshore loan of about $20 billion
- ▪The potential $20 billion borrowing would be ByteDance's largest-ever offshore loan
AI infrastructure investments
- ▪ByteDance is emerging as a major spender on AI infrastructure, ramping up partnerships to secure chips and chip design services
- ▪It is currently unclear how ByteDance would use the funds from the potential loan
- ▪The loan is being sought as ByteDance boosts its investments in artificial intelligence
Bank preliminary discussions
- ▪Discussions for the loan are in the early stages and details of the deal could change
- ▪ByteDance did not immediately respond to a Reuters request for comment on June 24, 2026
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