SoftBank Group’s $40 billion bridge loan tied to its investment in OpenAI has brought in 21 additional lending institutions during a broader syndication process, according to people familiar with the matter cited by Jin10 via Odaily. The newly added lenders were allocated about $7 billion of the facility. Among them, First Abu Dhabi Bank, GIC of Singapore, and Standard Chartered each took commitments of close to $1 billion. The remaining allocation was distributed to a group of banks from Europe, Japan, and Taiwan, China. People familiar with the matter said the other $33 billion of the bridge loan is still being held by underwriters and senior lenders for now, though more of the deal could be syndicated at a later stage. The update points to expanding lender participation as SoftBank arranges financing for its OpenAI investment.
SoftBank Group’s $40 billion bridge loan for its OpenAI investment has attracted 21 additional lending institutions as the deal moves through a broader syndication phase, according to people familiar with the matter cited by Jin10 and carried by Odaily.
Those new lenders were allocated about $7 billion of the facility, the people said. First Abu Dhabi Bank, Singapore sovereign investor GIC, and Standard Chartered each took commitments of close to $1 billion.
The rest of that allocation went to a group of banks from Europe, Japan, and Taiwan, China. The remaining $33 billion of the bridge loan is still being held by underwriters and senior lenders, according to the same people, though it may be distributed further through syndication later on.
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