SoftBank adds 21 new lenders to $40 billion OpenAI bridge loan

1. 1Twenty-one new lenders joined the syndication phase of the $40 billion bridge loan SoftBank arranged to fund its investment in OpenAI.
2. 2They were allocated a combined $7 billion, with FAB, GIC, and Standard Chartered each taking roughly $1 billion, while the remainder was allocated to banks in Europe, Japan, and Taiwan.
3. 3The 12-month loan, signed in March, is one of the largest bridge loans in the Asia-Pacific and is expected to generate more than $100 million in fees for the arranging banks.

Source Bloomberg · View original ↗

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