Anabelle Colaco
30 Mar 2026, 09:27 GMT+10
TOKYO, Japan: SoftBank Group has secured a US$40 billion loan through a bridge facility to support further investment in OpenAI, and for general corporate purposes, the company said.
The Japanese investor said the facility, which matures in March 2027, was arranged with a group of lenders including JPMorgan Chase, Goldman Sachs, Mizuho Bank, Sumitomo Mitsui Banking Corp, and MUFG Bank.
SoftBank has previously agreed to invest $30 billion in OpenAI through its Vision Fund 2.
The company said the bridge loan is unsecured.
Get a daily dose of North Carolina Daily news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to North Carolina Daily.
More InformationTOKYO, Japan: SoftBank Group has secured a US$40 billion loan through a bridge facility to support further investment in OpenAI, and...
BASEL, Switzerland: Swiss drugmaker Novartis has agreed to acquire California-based biotech firm Excellergy in a deal worth up to US$2...
FRANKFURT, Germany: Germany's Henkel has agreed to acquire Nasdaq-listed hair care brand Olaplex for $1.4 billion, aiming to expand...
LOS ANGELES, California: In a US$6 million verdict that will serve as a bellwether for numerous similar cases, Meta and Alphabet's...
PARIS, France: The Paris offices of Swiss bank Edmond de Rothschild were searched late last week as part of an inquiry into alleged...
WASHINGTON, D.C.: A growing share of Americans believe it is a bad time to look for a new job, highlighting a disconnect between low...
