SoftBank's credit limit increased to 6.5 billion USD, supporting AI investments

SoftBank Group has expanded its credit line to $6.5 billion, increasing it by $450 million to provide greater financial flexibility for its investments in the field of artificial intelligence.

The original $6.05 billion credit line is set to expire this month and has now been extended for another year. More than 20 banks participated in the expansion, with the new agreement's interest rate 210 basis points above the benchmark.