SoftBank Secures Upsized $11.87B Two-Year Loan From ~20 Banks to Fund Its OpenAI Investment

SoftBank sealed an $11.87 billion two-year loan facility with about 20 banks to back its OpenAI investment, exceeding an initial $10 billion target, Bloomberg reported. The deal follows the $40 billion bridge loan SoftBank arranged in March and adds to roughly $64.6 billion the group has committed to OpenAI. The upsized facility signals continued lender appetite to finance the group's OpenAI stake even as SoftBank explores a separate $20 billion bond sale to refinance existing OpenAI debt.