SoftBank Nears Completion of $40 Billion Bridge Loan Syndication for OpenAI

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According to Bloomberg, SoftBank Group is close to syndicating a $40 billion bridge loan to fund its OpenAI investment. The deal is expected to generate more than $100 million in fees for underwriters including JP Morgan Chase and Goldman Sachs. The 12-month facility will remain on lenders' balance sheets until maturity or repayment.
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