SoftBank Upsizes Its OpenAI Financing Loan to $11.9B Across 20 Banks
Bloomberg·medium signal
SoftBank secured an upsized two-year facility of $11.87 billion from about 20 banks to fund its OpenAI position, bringing its total committed exposure to roughly $64.6 billion. The loan closed in the same week SoftBank shares fell 13% on the AI pacing selloff. The financing is debt against a private position that has no near-term liquidity event announced.