SoftBank secures $10 billion loan backed by OpenAI stake

au.investing.com

SoftBank secured a $10 billion margin loan backed by its OpenAI stake, expanding borrowing to finance its artificial intelligence investments. The two-year facility, signed Wednesday with Goldman Sachs, JPMorgan, Mizuho, Apollo, and Sumitomo Mitsui, will be drawn down this month for general corporate purposes. It requires cash or early repayment if OpenAI preferred-share values fall sharply. This follows SoftBank’s $40 billion bridge loan for OpenAI, which added 21 lenders in syndication. Its planned OpenAI investment totals roughly $65 billion by October, amid monitoring of debt levels.


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SoftBank secures $10 billion loan backed by OpenAI stake | News Minimalist