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SoftBank Reportedly Invites More Banks to Join USD40B Loan for OpenAI
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...
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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.

Related NewsIndustrial Production YoY for Mar in the United States is 0.7%, lower than the previous value of 1.4%.
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.
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