SoftBank Revisits $10 Billion Loan Backed by OpenAI Stake
SoftBank Corp. renewed talks with major lenders to secure a $10 billion margin loan backed by its stake in OpenAI, following earlier financing attempts that stalled due to limited lender support. The Japanese investment conglomerate is adding concessions to the deal and expects Goldman Sachs, JPMorgan Chase, and Mizuho to join the lending consortium, according to sources familiar with the matter.
The proposed financing would be structured as a secured loan requiring a repayment guarantee from SoftBank. The renewed efforts signal the company's continued commitment to funding OpenAI's capital-intensive artificial intelligence expansion. Previous attempts to pledge the AI company's shares for cash had encountered resistance in the lending market, prompting SoftBank to adjust terms to attract major global banks.
From the sources (10 posts)
@edzitronSoftBank draws another $10bn on its bridge facility to fund OpenAI
@edzitron
@kakashiii111It's being reported that SoftBank renews talks for $10 billion loan against OpenAI stake. Son will not give up, he is all in. Read my detailed article on Masayoshi Son and SoftBank for a better understanding: http
@firstsquawkSOFTBANK IS IN TALKS TO SECURE A $10 BILLION MARGIN LOAN BACKED BY ITS OPENAI STAKE, AFTER EARLIER FINANCING EFFORTS STALLED DUE TO LIMITED LENDER SUPPORT. GOLDMAN SACHS, JPMORGAN, AND MIZUHO ARE EXPECTED TO JOIN THE LENDING CONSORTIUM, AC
@reuterslegalEXCLUSIVE: SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions, sources say
@financialjuiceGoldman Sachs, JPMorgan and mizuho expected to be included in the lending consortium - sources. $JPM $GS
@financialjuicePrevious Softbank efforts to secure loan against its OpenAI stake had stalled due to lack of lender support - sources
@financialjuiceSoftBank is in talks with lenders on securing $10 billion margin loan backed by an OpenAI stake and a repayment guarantee.
@wallstengineSoftBank is reportedly in talks with lenders to secure a $10B margin loan backed by its OpenAI stake and a repayment guarantee. Previous attempts to borrow against the OpenAI stake reportedly stalled due to weak lender support.
@tradfi*SOFTBANK IN TALKS WITH LENDERS ON SECURING $10 BILLION MARGIN LOAN BACKED BY OPENAI STAKE AND REPAYMENT GUARANTEE, SOURCES SAY *PREVIOUS SOFTBANK EFFORTS TO SECURE LOAN AGAINST ITS OPENAI STAKE HAD STALLED DUE TO LACK OF LENDER SUPPORT, S