SoftBank has launched a soft launch of its $40 billion bridge facility tied to its OpenAI investment, inviting new banks to commit roughly $5 billion each as sub-underwriters. The facility, initially backed by major global and Japanese lenders, carries a maturity date of March 25, 2027.

With SoftBank holding about 90% of Arm, the increased reliance on debt markets and concurrent discussions of a six-part dollar and euro bond sale could strain liquidity and dampen investor sentiment toward Arm’s market valuation.