SoftBank Seeks $10 Billion Margin Loan Secured by OpenAI Shares
SoftBank is pursuing a $10 billion two-year margin loan backed by its holdings in OpenAI to support its AI investments. The loan includes an option for a one-year extension. This move adds to SoftBank's growing debt as founder Masayoshi Son aims to lead in the global AI sector.
pymnts.comSoftBank is seeking a $10 billion loan secured by its shares in OpenAI, according to people familiar with the matter. The loan is structured as a two-year margin loan, with an option for SoftBank to extend the borrowing by an additional year. A margin loan is an arrangement in which companies use their assets such as stock for collateral to borrow against.
SoftBank has been piling on debt as its founder Masayoshi Son seeks to position himself as a linchpin in the global AI boom. SoftBank has made large-scale investments into OpenAI. A SoftBank representative declined to comment, the people said.
