SoftBank Group Corp. Unsponsored ADR (TSE:9984) expanded its ~$40B OpenAI-linked bridge loan by adding 21 lenders and allocating ~$7B, with a March 2027 maturity and ~250bp over SOFR, while pursuing a >$500M Gravis Robotics stake and generating roughly $100M in JPMorgan/Goldman fees.
Previous Week Recap
- SoftBank Widened Bridge Loan: SoftBank (9984) widened its ~$40B bridge loan tied to OpenAI by adding 21 lenders and allocating ~$7B to them. Facility matures March 2027, initial margin ~250 bps over SOFR (~6.14%).
- SoftBank In Talks To Buy Gravis Stake: SoftBank Group (9984) is in talks to buy a major stake in Gravis Robotics for over $500M, possibly via staged share buys and new capital, folding the stake into a new U.S.-listed vehicle.
- JPMorgan Goldman Fees For Financing: Bloomberg says JPMorgan and Goldman may earn about $100 million in fees from financing tied to SoftBank Group Corp. Unsponsored ADR (9984), per the report.
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