SoftBank adds $21 billion to AI firepower in new debt deals

SoftBank Group Corp. is closing out the week with nearly $21 billion in potential fresh borrowings as it builds out its artificial intelligence financing capacity. It’s also looking to raise another $10 billion to $20 billion next week in a separate jumbo bond deal.

The Japanese conglomerate increased its margin loan backed by shares of its chip unit Arm Holdings Plc by $5 billion to $25 billion, people familiar with the matter said on Friday. And it recently secured an additional $450 million to an existing credit line, bringing the total to $6.5 billion, according to people familiar with that deal.