SoftBank Seeks $10 Billion Margin Loan Backed by OpenAI Stake
SoftBank is seeking a $10 billion margin loan secured by its OpenAI shares, according to people familiar with the matter, adding debt as it deepens its push into artificial intelligence. The proposed financing would be structured as a two-year margin loan with an option for a one-year extension.
The borrowing would add to SoftBank's leverage as it aims to become an AI linchpin. SoftBank's CDS premiums jumped to 360 basis points, a one-year high.
From the sources (6 posts)
@businessSoftBank is seeking a $10 billion loan secured by its shares in US artificial intelligence giant OpenAI, sources say, as it takes on more debt for its push into AI
@businessEXCLUSIVE: SoftBank is seeking a $10 billion loan backed by OpenAI shares, adding debt to fuel its AI push
@techmemeSources: SoftBank seeks a $10B two-year margin loan secured by its OpenAI shares, with an option for a year extension, as SoftBank aims to become an AI linchpin (Bloomberg) (Visit Techmeme dot com for the link and full context!)
@exec_sumBREAKING: SoftBank is seeking a $10B margin loan backed by its stake in OpenAI
@exec_sumSoftBank CDS premiums jumped to 360 bps to a one-year high
@cointelegraph🚨 NEW: SoftBank is seeking a $10 billion margin loan backed by its OpenAI shares to fund its push into AI, per Bloomberg.