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SoftBank Seeks $40 Billion Loan To Back OpenAI
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SoftBank is seeking up to $40 billion in a roughly 12-month bridge loan, mainly to finance a $30 billion investment in OpenAI, four people familiar with the matter said this week. The planned borrowing — underwritten by four lenders including JPMorgan — follows asset sales and rising debt and has prompted S&P to lower SoftBank’s credit outlook, raising liquidity and leverage concerns.
