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Grab upsizes debut term loan to $2 billion on strong investor demand Reuters 2/1/2021 By Anshuman Daga © Reuters/Anshuman Daga FILE PHOTO: FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore By Anshuman Daga SINGAPORE (Reuters) - Southeast Asian ride-hailing and food delivery giant Grab has raised $2 billion from its first term loan, in what it said was the largest institutional debt in Asia s technology sector, as the company expands its regional services. The five-year senior secured loan was upsized from the initial $750 million after the company secured commitments from international institutional investors, Singapore-based Grab said in a statement on Monday.

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