Southeast Asian Fintech Grab Decides to Increase its Term Loan Facility to $2 Billion due to Growing Investor Demand

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Southeast Asian Fintech Grab Decides to Increase its Term Loan Facility to $2 Billion due to Growing Investor Demand
Southeast Asian Fintech firm
Grab has decided to upsize its term loan facility to $2 billion due to  growing interest from new investors.
Grab, which is one of Southeast Asia’s largest “Super App” providers, confirmed the successful closing of its first senior secured term loan facility, after commitments were made by global institutional investors.
The term loan facility should assist Grab with improving its liquidity and will also help diversify its funding sources. As noted in the announcement, the facility has been structured as a 5-year term loan B with a $2 billion principal. Grab’s management stated that this is the largest term loan B facility (to date) in Asia’s tech industry.

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