Lenovo Seeks $2 Billion Loan to Refinance Debt at Lower Cost

Lenovo Group Ltd. is seeking a $2 billion loan priced more cheaply than an earlier facility it plans to refinance, according to people familiar with the matter. Asian banks remain eager to lend to major Chinese firms amid a dearth of deals.

• Lenovo is seeking a $2 billion loan at a lower price
• Proceeds will refinance an earlier credit facility
• Asian banks are eager to lend to major Chinese firms