5 Hrs
Source:
المشهد العربي
Apollo seeks to grow SoftBank loan to $9B
Apollo Global Management is negotiating to increase its loan from Japanese company SoftBank from $5.4 billion to $9 billion to fund its major investments in OpenAI. The loan was first issued in 2021 and was increased to $5.4 billion last year. The final financing structure depends on the asset portfolio of Vision Fund 2. These discussions come amid growing market concerns about SoftBank's ability to meet its debt obligations, with risk premium costs on those debts reaching their highest level in three years.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)