SoftBank lenders ask more banks to join US$40 billion OpenAI loan
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SoftBank Group is seeking additional lenders to join a $40 billion loan backing its investment in OpenAI. The loan is one of the biggest tests of creditor sentiment toward the Japanese conglomerate's debt-fueled push into artificial intelligence.
SoftBank Group is inviting more banks to join a $40 billion loan for its investment in OpenAI. The loan has entered a 'soft launch' phase, with interested lenders required to commit around $5 billion each. JPMorgan Chase, Goldman Sachs, and other banks have underwritten the bridge facility, which is set to mature on March 25, 2027. SoftBank's investment in OpenAI is part of its push into artificial intelligence. The company has already invested over $30 billion in OpenAI and is seeking additional funding. SoftBank is also tapping the bond market for more funding, with a possible six-part US dollar and euro bond sale in the works.
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