SoftBank executes $40B bridge facility agreement for OpenAI follow-on investment

SoftBank Group Corp. announced that it entered into a bridge facility agreement with a total facility amount of USD 40.0 billion. The agreement is equivalent to JPY 6,384.0 billion at a conversion rate of USD equals JPY 159.60. The bridge facility agreement is for the purpose of raising funds required for the follow-on investment in OpenAI as well as for general corporate purposes. The company entered into a definitive agreement with OpenAI Group PBC, a U.S.-based company, on February 27, 2026, U.S. time, to make the follow-on investments. The follow-on investment totals USD 30.0 billion and will be made via SoftBank Vision Fund 2. The bridge facility agreement supports the follow-on investment as announced in the prior disclosure dated February 27, 2026. Borrowings under the bridge facility agreement are expected to be repaid in stages