SoftBank Wants to Borrow Over $11 Billion to Back OpenAI

Over $11 billion. SoftBank Group wants to borrow for its OpenAI investment, Reuters reported Sept. 23, among the biggest riskier loans ever. These pay higher interest because repayment is less certain, like lending to a shakier borrower. Selling started Sept. 21, terms due Sept. 24. I think the size will test how many lenders want in until terms are set.