SoftBank Secures $5 Billion in Margin Loan Commitments Backed by OpenAI Stake, Talks Stall at $6 Billion Target
SoftBank Group’s effort to raise at least $6 billion through a margin loan backed by its OpenAI stake has stalled after the company lowered its initial target from $10 billion. The firm had secured roughly $5 billion in commitments before discussions paused.
Japan TimesSoftBank Group’s talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled. The Japanese conglomerate had cut its initial target from $10 billion just weeks earlier. SoftBank had secured some $5 billion for the loan before the development.
It was unclear if those were verbal or written commitments. The company is considering various fundraising options. It could still move forward with the margin loan at a later stage, according to people familiar with the matter.
It is unclear why the margin loan discussions stalled. Borrowers and creditors can pause and revisit fundraising discussions for various reasons, and SoftBank has not elaborated on its plans, the people said.
