Debt · Debt Financing · Closed

OpenAI revolving credit facility (October 2024)

OpenAI set up a $4 billion revolving credit facility with a group of banks. The facility was undrawn when it closed.

Announced Oct 3, 2024Reviewed Oct 21, 2026Event ID evt_openai_credit_facility_2024

Amounts

Each number with its type, status and the sentence it comes from

Amount	Value	Status	Source
Revolving credit facility (undrawn at closing)Debt raised · to OpenAICounted in a later event, not added again “In addition to securing $6.6 billion in new funding from leading investors, we have established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC.”	$4B	Closed	OpenAI ↗

Amounts per investor are shown only when a source states them

Organization	Role	Type	Note
OpenAI	Borrower	AI lab	—

Lenders: JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC. OpenAI ↗
“In addition to securing $6.6 billion in new funding from leading investors, we have established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC.”
Undrawn: The facility is revolving and was undrawn at closing. OpenAI ↗
“This is a revolving credit facility that is undrawn at closing.”
Liquidity: OpenAI said it then had access to over $10 billion in liquidity. OpenAI ↗
“This means we now have access to over $10 billion in liquidity, which gives us the flexibility to invest in new initiatives and operate with full agility as we scale.”

OpenAI funding round (October 2024)
Oct 2, 2024 · Announced one day after the October 2024 funding round.
OpenAI funding round (March 2026)
Mar 31, 2026 · In March 2026 OpenAI said it expanded its existing revolving credit facility to about $4.7 billion. This amount is counted there.

OpenAI, “New Credit Facility Enhances Financial Flexibility”, Oct 3, 2024 · retrieved Oct 21, 2026

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