More banks are being invited to join Softbank’s (SFTBY) $40B loan backing its investment in OpenAI, Apple Ka Ying Li, Kari Soo Lindberg, and Min-Jeong Lee of Bloomberg report. The deal is currently in a “soft launch” phase, with additional lenders invited to join as sub-underwriters, people familiar with the matter told Bloomberg. Any interested parties are required to commit about $5B each, the sources added. According to SoftBank, JPMorgan Chase & Co. (JPM), Goldman Sachs (GS), Mizuho Bank, Sumitomo Mitsui Banking and Mitsubishi UFJ Financial (MUFG) have underwritten the bridge facility that is set to mature on March 25, 2027.
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