SoftBank Taps Mizuho, SMBC, JPMorgan to Run $15 Billion Loan

SoftBank Group Corp.’s investments in AI will be financed through a loan in which Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp. and JPMorgan Chase & Co. serve as lead underwriters — a sign of the Japanese tech investor’s ability to secure financing for its outsized ambitions.

The one-year $15 billion bridge loan, one of the biggest borrowings SoftBank has pulled off to date, will be financed by 21 banks and includes $1.35 billion from Mizuho, $1.25 billion from SMBC and $1 billion from JPMorgan, according to people familiar with the matter. It also includes $950 million each from HSBC Holdings Plc and Barclays Plc and $850 million apiece from seven banks including Goldman Sachs Group Inc., MUFG Bank Ltd. and Credit Agricole SA, said the people, who asked not to be named as the details of the financing remain private.