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SoftBank’s $40 Billion Loan for OpenAI Stake Gets 21 New Lenders
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SoftBank’s $40 Billion Loan for OpenAI Stake Gets 21 New Lenders SoftBank Group Corp.’s $40 billion bridge loan for its investment in US tech giant OpenAI has attracted a new group of 21 lenders in a broader syndication phase, according to people familiar with the matter. The group, which adds to the number of financial institutions already on the deal, has been allocated around $7 billion of the facility in total, said the people, who asked not to be identified discussing a private matters....
SoftBank’s $40 Billion Loan for OpenAI Stake Gets 21 New Lenders
SoftBank Group Corp.’s $40 billion bridge loan for its investment in US tech giant OpenAI has attracted a new group of 21 lenders in a broader syndication phase, according to people familiar with the matter.
The group, which adds to the number of financial institutions already on the deal, has been allocated around $7 billion of the facility in total, said the people, who asked not to be identified discussing a private matters. Out of that, First Abu Dhabi Bank PJSC, GIC Pte and Standard Chartered Bank have each taken a nearly $1 billion share, said the people. The rest of the amount was allocated to some European, Japanese and Taiwanese banks, the people added.