Overview
- SoftBank, which announced the move Friday, obtained a $40 billion unsecured bridge loan to invest more in OpenAI and for other needs, with no allocation breakdown disclosed.
- The loan runs for 12 months to March 2027 and is underwritten by JPMorgan, Goldman Sachs, Mizuho, SMBC, and MUFG.
- The new facility adds to a roughly $30 billion Vision Fund 2 pledge to OpenAI, increasing SoftBank’s concentration in a single AI partner.
- The company said it expects to repay in stages by the due date using existing assets and new financing, including asset sales.
- SoftBank shares rose 3.24% in Tokyo after the announcement, and The Japan Times reported it is the firm’s largest borrowing in dollars.