Another 7 banks join Alibaba’s $3b loan

Lenders keen to build relationships with e-commerce giant Alibaba extend favourable terms in rare covenant-lite revolving facility.

Seven more banks -- BNP Paribas, Credit Suisse, DBS, Goldman Sachs, HSBC, ING and Mizuho -- have joined Chinese e-commerce giant Alibaba's $3 billion five-year revolving facility.

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