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SoftBank $40 Billion OpenAI Loan: Unsecured Bridge Financing Pushes Total Investment to $64.6B as AI Race Intensifies
SoftBank Group announced a $40 billion unsecured bridge loan on March 27 to fund its $30 billion follow-on investment in OpenAI and general corporate purposes, marking the Japanese conglomerate’s largest-ever dollar-denominated borrowing. The SoftBank $40 billion OpenAI loan, arranged by JPMorgan Chase, Goldman Sachs, Mizuho Bank, Sumitomo Mitsui Banking Corp, and MUFG Bank, matures in…