SoftBank Lands $11.87B Loan for OpenAI Bet — SkimNews
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- SoftBank sealed a two-year loan facility worth $11.87 billion in commitments from approximately 20 banks
- The facility oversubscribed SoftBank's $10 billion target by roughly $1.87 billion, indicating lender demand exceeded what SoftBank sought
- The loan proceeds are earmarked to support SoftBank's investment in US AI firm OpenAI
- Approximately 20 banks participated as lenders in the syndicated facility, according to sources cited by Bloomberg
Why it matters: The facility overshot its $10 billion target by nearly $1.87 billion, showing banks actively competed for exposure to SoftBank's OpenAI bet rather than treating the deal as hard to place. For SoftBank, routing the OpenAI funding through syndicated debt rather than equity issuance lets it keep funding the AI commitment while preserving its own balance sheet flexibility.
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