SoftBank reportedly seeks more than $11B in major junk-bond financing

SoftBank is reportedly seeking to raise more than $11 billion through what could become one of the largest junk-bond transactions on record, according to Bloomberg.
Part of the proceeds would reportedly help finance an additional investment in OpenAI, further expanding SoftBank's exposure to the AI investment cycle.
The deal highlights the enormous financing requirements surrounding AI investment while also increasing attention on leverage, borrowing costs and the returns needed to justify large-scale capital deployment.