SoftBank Scales Back Planned $10 Billion OpenAI Margin Loan After Lender Pushback: Report - SoftBank Grou
Several creditors balked at using OpenAI shares as collateral, and the lower target suggests banks want a wider haircut on the stake.
- On Friday, Bloomberg reported that SoftBank Group has trimmed its margin loan target against its OpenAI stake to $6bn, down from an initial $10bn goal, after lenders balked at the valuation.
- Lenders pushed back on OpenAI's $852bn post-money valuation struck in March's primary round, with some expressing caution about assigning reliable value to the unlisted ChatGPT maker.
- SoftBank Group's cumulative committed exposure to OpenAI reaches roughly $64.6bn, giving the group around 13% of the company, as founder Masayoshi Son aggressively expands AI investments.
- Last month, S&P lowered the group's credit outlook, citing concerns that OpenAI exposure could impair liquidity and credit quality of its broader asset base.
- The trajectory signals how the financing world now values OpenAI relative to primary marks; a $6bn close will reflect the true cost of borrowing against private AI equity.
15 Articles
15 Articles
SoftBank cuts planned $10B OpenAI-backed loan after lenders raise valuation concerns - Tech Startups
SoftBank’s massive bet on OpenAI is running into a problem that has begun to shadow the AI boom: how do lenders assign a reliable valuation to a private company worth hundreds of billions of dollars on paper? The Japanese investment […] The post SoftBank cuts planned $10B OpenAI-backed loan after lenders raise valuation concerns first appeared on Tech Startups.
SoftBank Scales Back Planned $10 Billion OpenAI Margin Loan After Lender Pushback: Report - SoftBank Grou
SoftBank Group Corp. (OTC:SFTBY) is reportedly scaling back plans for a margin loan backed by its stake in OpenAI after some lenders raised concerns over the valuation of the privately held artificial intelligence startup. According to a Bloomberg report on Friday, the Japanese investment giant and its bankers have discussed reducing the target size of the loan to as low as $6 billion, down from an initial goal of $10 billion. Discussions with p…
SoftBank cuts OpenAI-backed margin loan target by 40% to $6bn
Lenders pushed back on valuing OpenAI shares as collateral. The downsize lands a fortnight after the $10bn ask first surfaced and is the clearest signal yet that even an $852bn primary round has not closed the gap between sticker and what banks will lend against. SoftBank Group has trimmed the size of a margin loan […] This story continues at The Next Web
OpenAI Valuation Doubts Loom As Softbank Scales Back Margin Loan
OpenAI Valuation Doubts Loom As Softbank Scales Back Margin Loan SoftBank Group's abrupt scaling back of a planned $10 billion margin loan backed by its roughly 13% stake in OpenAI - now targeting as little as $6 billion - reveals deepening lender unease over the AI giant’s $852 billion post-money valuation set in March 2026. The move follows earlier $40 billion bridge financing and comes amid reports that OpenAI missed internal revenue and week…
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