# OpenAI — New Credit Facility Enhances Financial Flexibility

- Company: OpenAI (openai.com)
- Announced: 2024-10-03T07:00:00+00:00
- Category: funding-company-news
- Subject: GPT / ChatGPT / API
- Source: https://openai.com/index/new-credit-facility-enhances-financial-flexibility
- Record: https://forck.live/items/684-new-credit-facility-enhances-financial-flexibility

OpenAI secured $6.6 billion in new funding from investors and established a $4 billion credit facility with major banks.

## Evidence

Verbatim from https://openai.com/index/new-credit-facility-enhances-financial-flexibility:

> In addition to securing $6.6 billion in new funding from leading investors, we have established a new $4 billion credit facility with leading banks, including JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC.

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