SoftBank Gets Upsized $11.9 Billion Loan in OpenAI Funding Push
Covered by 2 sources
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SoftBank Group raised an $11.87 billion loan, exceeding its initial $10 billion goal, to finance its investment in the US AI company OpenAI. This upsized loan reflects SoftBank's increased commitment to backing OpenAI's growth.
Covered by 2 sources
- SoftBank Stock Investors See Past Credit Risks to AI Returns· Bloomberg
- A $23 Trillion Market Swayed SoftBank in Hunt for More AI Debt· Bloomberg
- BREAKING NEWS: SoftBank Group to raise $11.1 bil. to fund OpenAI investment· Kyodo News
- SoftBank Draws Over $20 Billion of Early Interest in Junk Bond· Bloomberg
- SoftBank is reportedly raising about $11bn in bonds to cover its next OpenAI payment· The Next Web
- SoftBank CDS Hits 3-Year High as OpenAI Risks Stay in Focus· Bloomberg