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SoftBank Expands Syndicate for $40 Billion OpenAI Stake Loan
SoftBank has reportedly broadened its $40 billion loan syndicate to acquire a stake in OpenAI, adding 21 new global banks to the financing group. This expansion aims to secure the necessary funds for the significant investment in the artificial intelligence company.
27 Jul, 04:30 — 27 Jul, 04:57
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bloombergHigh1d ago
SoftBank’s $40 Billion Loan for OpenAI Stake Gets 21 New Lenders
SoftBank Group Corp.’s $40 billion bridge loan for its investment in US tech giant OpenAI has attracted a new group of 21 lenders in a broader syndication phase, according to people familiar with the matter.
By Aileen Chuang and Kari Lindberg
Read full article →japan-timesMostly Factual1d ago
SoftBank’s $40 billion loan for OpenAI stake gets 21 new lenders
The 12-month loan, signed in March, is one of the largest-ever bridge financings in the Asia-Pacific region.
Read full article →Coverage Timeline
First report: bloomberg · 27 Jul, 04:30|Full coverage: 3 · 2h|Window: 2h
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