SoftBank Group Corp. reopened negotiations with a lender consortium for a $10 billion margin loan secured by its OpenAI stake. Previous discussions stalled because banks struggled to value the private company's shares.
SoftBank now offers to guarantee the loan repayment to address these valuation concerns. This concession provides banks recourse to SoftBank if the pledged OpenAI shares lose value.
The credit line supports the Japanese firm's broader strategy to fund major artificial intelligence investments. Goldman Sachs, JPMorgan Chase, and Mizuho Financial Group are expected to join the lending group.
This financing follows a $40 billion bridge loan SoftBank secured earlier this year for AI-related commitments.