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Sources detail the lengths SoftBank went to secure its $11B junk bond sale, including high yields, to replace a $40B bridge loan for its OpenAI investment

SoftBank Group Corp.'s billionaire founder Masayoshi Son has said he's "all in" on AI. The conglomerate's record $11.1 billion junk bond deal …

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Sources detail the lengths SoftBank went to secure its $11B junk bond sale, including high yields, to replace a $40B bridge loan for its OpenAI investment

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Bloomberg — Sources detail the lengths SoftBank went to secure its $11B junk bond sale, including high yields, to replace a $40B bridge loan for its OpenAI investment ↗

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Sep 29Sep 30

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Bloomberg: SoftBank is looking to issue $10B and €1B in debt for its OpenAI investment, in what would be one of the biggest junk bond sales ever

Bloomberg: SoftBank raised ~$11B in debt through its junk bond sale, making the Japanese investment firm one of the biggest corporate junk-bond borrowers in the world

Bloomberg: SoftBank sealed a two-year loan facility to support its OpenAI investment, securing $11.87B in commitments from ~20 banks, above its $10B target

New York Times: SoftBank's SB Energy has delayed its IPO, originally planned for this month, as investors question the company's sought-after valuation of $50B+

Wall Street Journal: IPO documents: SoftBank's SB Energy plans to file for an IPO as soon as this week, aiming to raise $5B to $7B, and has awarded OpenAI warrants worth ~$5.5B

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