SoftBank Adds $11.9 Billion of Debt to Its OpenAI Bet
SoftBank wanted $10 billion and banks offered nearly $12 billion, a two-year facility backed by roughly 20 lenders. That appetite matters because the company is trying to take its OpenAI exposure toward $65 billion while postponing a 2026 IPO, making debt, not public-market cash, the near-term fuel for its AI strategy. The bet is getting bigger before it gets easier to finance.