SoftBank Group is seeking a $10bn two-year loan to refinance debt tied to its investment in US AI firm OpenAI, people familiar with the matter told foreign media. The loan would carry a spread of about 275 bps over SOFR, with Mizuho designated as lead arranger and bookrunner. Part of the proceeds may be used to repay a $40bn bridge loan SoftBank raised earlier this year to fund the OpenAI stake. Commitment deadline is Aug 31 and several banks are in talks to participate. SoftBank is also conside

SoftBank Group is seeking a $10bn two-year loan to refinance debt tied to its investment in US AI firm OpenAI, people familiar with the matter told foreign media. The loan would carry a spread of about 275 bps over SOFR, with Mizuho designated as lead arranger and bookrunner. Part of the proceeds may be used to repay a $40bn bridge loan SoftBank raised earlier this year to fund the OpenAI stake. Commitment deadline is Aug 31 and several banks are in talks to participate. SoftBank is also considering $10–20bn of bond issuance to help refinance the bridge and plans a record ¥1 tln domestic retail bond offering.