SoftBank has secured a new loan amounting to $40 billion to finance its $30 billion pledge to invest in OpenAI, part of the AI developer’s unprecedented $110 billion fundraising last month, the Japanese firm announced on Friday.

Notably, the loan is unsecured and has a term of 12 months, implying it must be paid back or refinanced by the next year. This may suggest that lenders expect OpenAI’s much-anticipated public offering will materialize later this year, as some sources, including CNBC, have indicated. JPMorgan Chase, Goldman Sachs, and four Japanese banks are facilitating the loan.

If OpenAI’s IPO turns out to be one of the largest in history this year, it would likely provide SoftBank with the necessary liquidity to address the debt within such a brief timeframe. With its latest $30 billion investment in OpenAI, SoftBank’s total investment in the creator of ChatGPT exceeds $60 billion.