9fin at APLMA
The 9fin team are headed to Singapore for the Asia Pacific Loan Market Association (APLMA) annual conference on 16 and 17 September.
Make the most of Asia’s premier loan forum with our editors and analysts covering the region, and don’t miss the 9fin booth showcasing our latest product updates for APAC.
Drop us a line at events@9fin.com and let us know you’ll be there.
SoftBank upsizes loan
SoftBank Group has increased its two-year unsecured term loan to $11.87bn after attracting 20 banks to join the syndicate. Mizuho was the mandated lead arranger and bookrunner of the loan, which partly refinances July’s jumbo $40bn bridge facility that backed SoftBank’s investment in OpenAI.
All but one of the 20 banks are existing lenders to the $40bn bridge loan, with UBS the only new lender.
GPU financing
Asia’s first widely syndicated GPU-backed financing to target banks — GMI Cloud’s TWD 13.9bn ($433m) term loan — has attracted more than TWD 30bn of commitments.
More than 10 banks have committed to the loan, which is not likely to be upsized. Sole coordinator, mandated lead arranger and bookrunner CTBC Bank launched the loan into syndication in early July.
