SoftBank Secures $11.87B Loan for OpenAI Bet — SkimNews
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- SoftBank Group Corp. secured a two-year, $11.87 billion syndicated loan facility from approximately 20 banks to fund its investment in OpenAI.
- The commitments landed above SoftBank's $10 billion target, indicating stronger-than-expected bank appetite for the AI-linked deal.
Why it matters: The facility's oversubscription — roughly $1.87 billion above the $10 billion target from ~20 lenders — shows banks are comfortable underwriting SoftBank's OpenAI exposure on a short two-year clock, tightening the timeline for the AI bet to deliver returns.
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