SoftBank Group Corp.
(OTC:SFTBF) (OTC:SFTBY) has reportedly revived negotiations for a $10 billion loan backed by its OpenAI stake after restructuring the proposal to include a corporate repayment.
SoftBank Revises OpenAI-Backed Loan Structure SoftBank has reopened discussions with a consortium of lenders for a $10 billion margin loan secured by its investment in OpenAI, according to a Reuters report citing people familiar with the matter.
The revised proposal reportedly includes a guarantee from SoftBank itself, allowing lenders to seek repayment from the Japanese technology investor if the value of the pledged OpenAI shares declines.
The change marks a shift from the company's earlier structure, under which banks would have had recourse only to the collateral and not to SoftBank's broader assets.
