SoftBank Seeks $10 Billion Loan to Refinance OpenAI Stake

SoftBank Group is seeking a $10 billion loan to help refinance debt used for its investment in OpenAI, Bloomberg reported Friday (Aug. 28), citing unnamed sources.

The proceeds of the loan could help repay a $40 billion bridge loan SoftBank secured for its OpenAI investments, according to the report.

SoftBank is also preparing a potential […] The post SoftBank Seeks $10 Billion Loan to Refinance OpenAI Stake appeared first on PYMNTS.com.