SoftBank Group is seeking an additional $10 billion loan to refinance debt tied to its investment in OpenAI and raise new funds, Bloomberg reported on August 28. People familiar with the matter said the financing carries a two-year term and pricing of about 275 basis points above the Secured Overnight Financing Rate, with Mizuho Bank acting as lead arranger and bookrunner.
The move underscores SoftBank’s continued use of debt financing to back its growing investment in OpenAI and related funding arrangements. The matter has not been made public, and the sources requested anonymity.
SoftBank Seeks $10 Billion Loan to Refinance OpenAI-Linked Debt
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