SoftBank Group (TYO:9984) is pursuing a $10 billion two-year loan to help refinance a larger bridge loan tied to its OpenAI investment, the International Financing Review reported on Friday, citing an unnamed senior banker.
This is part of a broader financing effort that would bring its total debt raised this year to nearly $90 billion, which includes a $6.05 billion one-year commitment line and a 1 trillion yen seven-year retail bond, the publication said.
The Japanese tech giant is also seeking to expand and extend a separate $20 billion facility backed by its stake in Arm Holdings, the report said.
Softbank Group did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Comments