Anabelle Colaco
30 Mar 2026, 09:27 GMT+10
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.
Get a daily dose of Tuscaloosa Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tuscaloosa Times.
More InformationTOKYO, Japan: SoftBank Group has secured a US$40 billion loan through a bridge facility to support further investment in OpenAI, and...
BASEL, Switzerland: Swiss drugmaker Novartis has agreed to acquire California-based biotech firm Excellergy in a deal worth up to US$2...
FRANKFURT, Germany: Germany's Henkel has agreed to acquire Nasdaq-listed hair care brand Olaplex for $1.4 billion, aiming to expand...
ZAGREB, Croatia: Uber Technologies has teamed up with Pony.ai and Croatian startup Verne to launch what the companies say will be Europe's...
PARIS/STOCKHOLM: Surging petrol prices linked to the war in Iran are accelerating demand for used electric vehicles across Europe,...
WASHINGTON, D.C.: A growing share of Americans believe it is a bad time to look for a new job, highlighting a disconnect between low...
(Photo credit: Kamil Krzaczynski-Imagn Images) UConn's dramatic last-second upset of Duke on Sunday played right into the hands of...
(Photo credit: Butch Dill-Imagn Images) Alex Palou of Spain got back to dominating the competition when he beat the field at the...
(Photo credit: Dylan Widger-Imagn Images) North Carolina State assistant Adam Howard is the new head coach at Troy, the school announced...
(Photo credit: Kamil Krzaczynski-Imagn Images) CHICAGO -- Top-seeded Michigan and sixth-seeded Tennessee both feature playmaking...
(Photo credit: Brianna Paciorka/News Sentinel / USA TODAY NETWORK via Imagn Images) Nate Ament scored 18 points and Ja'Kobi Gillespie...
(Photo credit: Brianna Paciorka/News Sentinel / USA TODAY NETWORK via Imagn Images) CHICAGO -- Nate Ament scored 18 points and Ja'Kobi...
