Chinese tech giant Tencent Holdings has completed its largest offshore loan as a US$6.5bn club, taking advantage of strong demand for high-quality credits to secure its cheapest syndicated loan to date. Nine banks participated in the five-year financing, which is split into a US$3.9bn bullet term loan and a US$2.6bn revolving credit facility. Tencent’s journey in the loan markets mirrors that of Chinese e-commerce giant Alibaba Group, which rapidly became a familiar name with Asian lenders and took bigger and tighter priced financings.

source https://finance.yahoo.com/news/tencent-wraps-biggest-tightest-loan-092341680.html?.tsrc=rss