New Credit Facility Enhances Financial Flexibility

# New Credit Facility Enhances Financial Flexibility Source: [https://openai.com/index/new-credit-facility-enhances-financial-flexibility/](https://openai.com/index/new-credit-facility-enhances-financial-flexibility/) In addition to securing $6\.6 billion in[new funding from leading investors⁠](https://openai.com/index/scale-the-benefits-of-ai/), we have established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC\. This is a revolving credit facility that is undrawn at closing\. 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\. It also reaffirms our partnership with an exceptional group of financial institutions, many of whom are also OpenAI customers\. “This credit facility further strengthens our balance sheet and provides flexibility to seize future growth opportunities,” said Sarah Friar, CFO of OpenAI\. “We are proud to have the strongest banks and investors in the world supporting us\.” The support of our investors and financial partners enables us to continue investing in groundbreaking research and products that bring AI to the world, expand our infrastructure to meet growing demand, and attract top talent from around the world\. As we embark on this next phase, we remain focused on delivering helpful tools that contribute to people’s lives\.