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SoftBank Reportedly Invites More Banks to Join USD40B Loan for OpenAI
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More banks have been invited to join the USD40 billion loan arranged by SoftBank (9984.JP) to fund its investment in OpenAI, testing lenders’ recognition for SoftBank’s use of debt to further expand into the AI sector, Bloomberg, citing sources, reported. The deal recently entered a “soft launch” phase, with additional banks invited to act as sub-underwriters, sources divulged. Interested banks are purportedly required to commit approximately USD5 billion each. SoftBank announced last month that JPMorgan (JPM.US), Goldman Sachs (GS.US), Mizuho Financial Group (8411.JP), Sumitomo Mitsui Financial Group (8316.JP) and Mitsubishi UFJ Financial Group (8306.JP) had underwritten the bridge loan, which would mature on March 25, 2027. Auto-translated by AI AASTOCKS Financial News |
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