Alibaba seeks to refinance $6.5 billion bank loan due next year - report

Alibaba Group (NYSE:BABA [https://seekingalpha.com/symbol/BABA]) is reportedly in talks with banks to refinance a $6.5 billion loan maturing next year.

Alibaba is offering to pay a pricing of below 80 basis points over the secured overnight financing rate to existing lenders agreeing to grant a five-year revolving credit facility, _Bloomberg News_ reported.

Talks are ongoing, and details of the financing could still change, the report said.

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