<p>ByteDance, the Chinese owner of short-video platform TikTok, is in talks with banks to borrow up to $5 billion to refinance debt and pay for overseas expansion, <em>The Information </em>reported on Wednesday, citing people with knowledge of the matter.</p>.<p>The company and the banks have discussed raising between $4 billion to $5 billion, but the exact size of the loan has not been finalised yet as the debt financing talks are still ongoing, the report said.</p>.<p>ByteDance did not immediately respond to a Reuters request for comment. </p>
<p>ByteDance, the Chinese owner of short-video platform TikTok, is in talks with banks to borrow up to $5 billion to refinance debt and pay for overseas expansion, <em>The Information </em>reported on Wednesday, citing people with knowledge of the matter.</p>.<p>The company and the banks have discussed raising between $4 billion to $5 billion, but the exact size of the loan has not been finalised yet as the debt financing talks are still ongoing, the report said.</p>.<p>ByteDance did not immediately respond to a Reuters request for comment. </p>