Grab Holdings was reportedly seeking a loan of up to $2 billion to support a potential takeover of Indonesia's GoTo, according to Bloomberg News. The financing move signals Grab's strategic intent to pursue significant acquisition opportunities in the region.
Sources familiar with the matter indicated that the proposed bridge loan could have a tenor of approximately 12 months, with discussions with banks in the early stages. Grab was also considering a bond or equity take-out as a follow-up to securing the bridge loan.
This financing initiative provides Grab with enhanced strategic flexibility, potentially enabling it to fund major investments or acquisitions. The move comes amidst ongoing speculation about a Grab-GoTo merger, which has faced regulatory scrutiny and denials from GoTo.
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