News
04 October 2024

OpenAI secures $4bn revolver after $6bn funding round

In:
Telecoms and Communications
Region:
Americas

OpenAI has secured a $4 billion revolving credit line with an option to increase it by an additional $2 billion.The loan is unsecured and can be tapped over the course of three years. The interest rate is equal to the Secured Overnight Financing Rate plus 100 basis points. JPMorgan Chase, Citi,...

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