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SoftBank Group is in talks with banks over a potential bond sale worth between $10 billion and $20 billion to refinance a loan it secured to fund its investment in OpenAI, Bloomberg reported, citing people familiar with the matter.
The potential offering could be denominated in dollars or euros and may take place in September, the sources said, noting that discussions are ongoing and the terms of the deal could change.
Part of the proceeds would be used to repay a $40 billion bridge loan the company secured this year to finance its investment in OpenAI, according to the sources.
"We are considering various options to refinance the bridge loan, but nothing has been decided, including the amount for each," a SoftBank spokesperson told Bloomberg.
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