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More banks are being invited to join SoftBank Group’s $40 billion loan backing its investment in OpenAI.
SoftBank has started a 'soft launch' phase inviting more banks to join its $40 billion OpenAI loan.
KEY POINTS
- New sub-underwriters must each commit about $5 billion to participate in the debt facility.
- The loan, underwritten by five major banks, will mature on March 25, 2027.
- The expansion tests creditor sentiment about SoftBank's aggressive AI investment and heavy leverage.
COMPANIES
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