SoftBank Group is seeking a $10 billion loan to refinance debt related to its investment in OpenAI, according to BlockBeats. The loan is part of a broader debt financing push around OpenAI, which could include a bond issuance of up to $20 billion. Proceeds may partially repay a $40 billion bridge loan taken earlier this year to fund the OpenAI stake.
SoftBank Group is seeking a $10 billion loan to help refinance debt tied to its investment in OpenAI, according to BlockBeats.
The loan forms part of a broader series of debt financing moves the Japanese conglomerate is undertaking around its OpenAI stake, which may include a bond issuance of up to $20 billion. Proceeds from the loan could partially go toward repaying a $40 billion bridge loan taken earlier this year to fund the OpenAI investment.
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