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ByteDance Seeks $20 Billion in Its Largest-Ever Global Loan

ByteDance Ltd., the developer of TikTok, is in preliminary talks with banks for a borrowing of about $20 billion, people familiar with the matter said, in what would be the firm’s largest offshore loan yet at a time when it’s boosting investments in artificial intelligence.

ByteDance Ltd. offices in Beijing. Photographer: Andrea Verdelli/Bloomberg
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Hong Kong’s Iconic Sogo Department Store Races to Refinance Loan

The operator of the Sogo department stores in Hong Kong has less than a month to refinance a loan coming due, people familiar with the matter said, adding to a list of firms in the city pushed into last-minute negotiations in the aftermath of a property downturn.

Pedestrians cross a busy street near the Sogo department store in the Causeway Bay district. Photographer: Cheng Xin/Getty Images
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SoftBank’s $40 Billion Loan for OpenAI Stake Draws More Banks

Banks that recently signed a $40 billion bridge loan with SoftBank Group Corp. for its investment in US tech giant OpenAI have attracted more lenders to the deal in syndication, people familiar with the matter said.

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. Speaking via teleconference, Son and OpenAI chief Sam Altman argued that advancing artificial intelligence would lead to new jobs that are not yet imagined, and the advancement of robotics will help kickstart a “self-improvement” loop.
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SoftBank Seeks $10 Billion Loan Backed by OpenAI Shares

SoftBank Group Corp. is seeking a $10 billion loan secured by its shares in US artificial intelligence giant OpenAI, people familiar with the matter said, as it takes on more debt for its push into AI.

Signage for SoftBank Corp. displayed at a store in Tokyo, Japan, on Thursday, May 1, 2025. SoftBank Group is scheduled to release earnings figures on May 13. Photographer: Akio Kon/Bloomberg
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SoftBank Lenders Ask More Banks to Join $40 Billion OpenAI Loan

More banks are being invited to join SoftBank Group Corp.’s $40 billion loan backing its investment in US tech giant OpenAI, in one of the biggest tests yet of creditor sentiment toward the Japanese conglomerate’s debt-fueled push further into artificial intelligence.

Masayoshi Son Photographer: Akio Kon/Bloomberg
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Fosun Secures $500 Million Refinancing Loan Despite Loss Warning

Chinese conglomerate Fosun International Ltd. has secured a refinancing loan package of around $500 million despite recently warning that its preliminary annual loss could widen by as much as fivefold.

Fosun International Ltd. branding is displayed in an exhibition area during a news conference in Hong Kong, China, on Wednesday, Aug. 29, 2018. Fosun, the last of China's serial acquirers buying high-profile assets, reported higher profits amid gains from its investment division. Photographer: Paul Yeung/Bloomberg
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SMBC Asks Banks to Confirm Saudi Energy Loan Backing Amid War

Sumitomo Mitsui Banking Corp. has reached out to Asian banks backing an around $1.5 billion Saudi loan deal to reconfirm their commitments, an unusual step highlighting the risks the conflict in Iran poses for lending in the region.

An oil processing facility at the Shaybah oil field in 2018. Photographer: Simon Dawson/Bloomberg
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