ByteDance is close to securing a $29.6 billion syndicated loan, upsized from an initial $20 billion due to strong bank demand. The loan, for general corporate purposes, is expected to be the second-largest dollar-denominated syndicated loan in Asia this year after SoftBank's $40 billion bridge loan. The company is also ramping up AI spending, with plans to increase capital expenditure to $70 billion in 2026, mainly for data centers and AI infrastructure. This follows ByteDance's previous offshore loan of $10.8 billion in 2024.
ByteDance is lining up a syndicated loan worth $29.6 billion, people familiar with the matter said. It first aimed for $20 billion. Then bank demand came in hot, so the size was lifted to $29.6 billion. The money is meant for general corporate purposes. The deal still is not formally signed, and banks are continuing to confirm how much they will each take.
If this gets done, it will rank as the second-largest U.S. dollar-denominated syndicated loan in Asia this year. Only SoftBank Group's $40 billion bridge loan, secured in March, is bigger.
At the same time, ByteDance is speeding up its artificial intelligence spending. The company is weighing a jump in capital expenditure to as much as $70 billion in 2026. That's more than twice what it spent last year. Most of the money would go toward building out data centers and other AI infrastructure. ByteDance's previous major offshore loan came in 2024, when it raised about $10.8 billion.
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