SoftBank Secures 21 Additional Lenders for $40 Billion OpenAI Investment Loan

SoftBank Group Corp. has secured 21 additional lenders for its $40 billion bridge loan to fund an investment in OpenAI. This new group of financial institutions has been allocated approximately $7 billion of the total facility. Within this allocation, First Abu Dhabi Bank PJSC, GIC Pte, and Standard Chartered Bank have each committed nearly $1 billion, while the remaining portion is distributed among various European, Japanese, and Taiwanese banks.

SoftBank $40 billion OpenAI loan

• ▪SoftBank Group Corp. secured a $40 billion bridge loan to fund its investment in United States technology giant OpenAI
• ▪A new group of 21 lenders joined the syndication phase of SoftBank Group Corp.'s $40 billion bridge loan

$7 billion allocation distribution

• ▪First Abu Dhabi Bank PJSC, GIC Pte, and Standard Chartered Bank have each taken a nearly $1 billion share of the $7 billion allocation
• ▪The remaining portion of the $7 billion allocation was distributed among European, Japanese, and Taiwanese banks
• ▪The new group of 21 lenders has been allocated approximately $7 billion of the total $40 billion bridge loan facility