SoftBank Group Corp. finalized an $11.87 billion two-year loan facility last week. The financing supports the company's strategic investment in OpenAI. Approximately 20 banks participated in the deal, exceeding the initial $10 billion target.
This facility adds to a broader debt strategy involving the artificial intelligence firm. SoftBank reportedly secured a $10 billion margin loan backed by its OpenAI stake. The conglomerate is also considering a bond sale of up to $20 billion.
These moves highlight SoftBank's shift toward artificial intelligence as its primary growth driver. The oversubscribed loan reflects strong lender confidence in the firm's AI-centric pivot.