SoftBank secures $10 billion loan backed by OpenAI stake

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โดย Investing.com·JPUS·Read original
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SoftBank Group Corp. arranged a $10 billion margin loan backed by its ownership in OpenAI. The Japanese technology conglomerate signed the agreement Wednesday with Goldman Sachs Bank USA, JPMorgan Chase Bank NA, Mizuho Securities USA LLC, Apollo Global Funding LLC and Sumitomo Mitsui Banking Corp., according to its financial report. The two-year facility will be drawn down this month and used for general corporate purposes across the group and its Vision Fund II-2. The loan includes provisions requiring cash or early repayment if the value of OpenAI's preferred shares declines substantially. This financing follows a $40 billion bridge loan for OpenAI investments that added 21 new lenders during syndication last month, with SoftBank's total planned investment in OpenAI expected to reach approximately $65 billion by October.

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Financials · 2 stocks
SoftBank Group Corp.
9984
▲ PositiveCapitalrelevance

SoftBank secured a $10 billion margin loan backed by its OpenAI stake, providing liquidity for general corporate purposes.

Digital Finance & Tokenization · 1 stocks
JPMorgan Chase & Co
JPM
▲ PositiveCapitalrelevance

JPMorgan is one of the lenders providing the $10 billion margin loan to SoftBank, generating fee income.

Off-coverage companies 1

OpenAIPrivate± Mixed
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