JPMorgan Chase & Co, Goldman Sachs Group Inc, Mizuho Bank Ltd, Sumitomo Mitsui Banking Corp and Mitsubishi UFJ Financial Group Inc have underwritten the bridge facility that is set to mature on March 25, 2027, SoftBank announced last month.
(April 15): More banks are being invited to join SoftBank Group Corp’s US$40 billion loan backing its investment in US tech giant OpenAI, in one of the biggest tests yet of creditor sentiment toward the Japanese conglomerate’s debt-fuelled push further into artificial intelligence.
The deal has recently entered a so-called “soft launch” phase, with additional lenders being invited to join as sub-underwriters, according to people familiar with the matter. Those interested are required to commit around US$5 billion each, the people said, who asked not to be identified discussing private matters.
