Home Business News BofA extends first $520 million loan to OpenAI ahead of IPO, source says

BofA extends first $520 million loan to OpenAI ahead of IPO, source says

BofA extends first $520 million loan to OpenAI ahead of IPO, source says

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Published: July 8, 2026 22:28:11 IST

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July 8 (Reuters) – Bank of America has extended a $520 million credit line to OpenAI, its first loan to the AI company that is preparing for an initial public offering, a person familiar with the

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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