China's Ant Group refinancing $6.5 billion credit line

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China's Ant Group refinancing $6.5 billion credit line

(Reuters) - China's Ant Group, backed by Alibaba (NYSE:BABA ) founder Jack Ma, is refinancing a credit line of $6.5 billion, a company spokesperson said on Thursday.

This was a refinancing of an existing syndicated bank credit line from 2019, the spokesperson added.

Source: Investing.com

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