MT Newswires Live09-09 15:11
SoftBank Group (TYO:9984)will prepay on Sept. 15 the outstanding balance of $25.9 billion under a bridge facility agreement linked to its investment in U.S.-based AI company OpenAI, according to a Wednesday release.
The Japanese investment holding company entered into the agreement following a $30 billion follow-on investment deal with OpenAI Group.
The total facility amounts to $40 billion, with $30 billion already drawn.
Shares of SoftBank Group rose nearly 4% in recent trade.
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