TOKYO, Japan: SoftBank Group has secured a US$40 billion loan through a bridge facility to support further investment in OpenAI, and for general corporate purposes, the company said.
The Japanese investor said the facility, which matures in March 2027, was arranged with a group of lenders including JPMorgan Chase, Goldman Sachs, Mizuho Bank, Sumitomo Mitsui Banking Corp, and MUFG Bank.
SoftBank has previously agreed to invest $30 billion in OpenAI through its Vision Fund 2.
The company said the bridge loan is unsecured.
