ByteDance to seek refinancing of $5 billion loan, Bloomberg News reports

FILE PHOTO: The ByteDance logo is seen at the company's office in Shanghai·Reuters
Reuters

(Reuters) - Tiktok-owner Bytedance is preparing to refinance a $5 billion loan by another three years, Bloomberg news reported on Friday, citing people familiar with the matter.

(Reporting by Chandni Shah in Bengaluru; Editing by Savio D'Souza)