SoftBank Group priced about $11.1 billion of foreign-currency senior notes on September 24: $10 billion across three dollar tranches (3.5-, 5.5-, and 7.5-year terms at 8.625%, 9.25%, and 9.75%) plus €1 billion in two euro notes (4- and 6-year at 7.125% and 8%). Settlement is expected September 29.
Proceeds fund the $10 billion third and final tranche of SoftBank’s $30 billion follow-on investment in OpenAI Group PBC, expected to close October 1, plus general corporate purposes. SoftBank also plans to cancel the remaining $10 billion undrawn on its $40 billion March bridge facility. After closing, SoftBank’s cumulative OpenAI investment reaches roughly $64.6 billion with about a 13% stake. Shares jumped more than 7% as Japan markets reopened after a holiday stretch.