SoftBank Seeks Another $10 Billion Loan For OpenAI Stake Funding
The company earlier this month also secured a $10 billion loan backed by its OpenAI stake, which includes covenants that may require it to post cash or repay early.
SoftBank is seeking a $10 billion loan, as it looks for more funding to help refinance debt used for its investment in US tech giant OpenAI. The loan would add to SoftBank’s flurry of recent debt financing activities tied to its bet on OpenAI, including a potential bond sale of as much as $20 billion.
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SoftBank is seeking a $10 billion loan, as it looks for more funding to help refinance debt used for its investment in US tech giant OpenAI. The loan would add to SoftBank’s flurry of recent debt financing activities tied to its bet on OpenAI, including a potential bond sale of as much as $20 billion.