Huawei Seeks $1 Billion in First Big Funding Test After U.S. Ban
- Company’s dollar notes are trading near three-month lows
- Fundraising would be Huawei’s first offshore loan this year
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Huawei Technologies Co. is seeking about $1 billion from a small group of lenders, its first major funding test after getting hit with U.S. curbs that threaten to cut off access to critical suppliers.
The world’s largest provider of networking gear is seeking an offshore loan in either U.S. or Hong Kong dollars, said people familiar with the matter, who asked not to be identified discussing private information. The company is targeting maturities of five and seven years, the people said.