SoftBank Group Cuts Back on Financing Plan Secured by OpenAI Equity

According to Bloomberg, SoftBank Group is scaling back a financing plan that uses its equity stake in OpenAI as collateral. The original plan aimed to raise approximately $10 billion in margin loans, but the amount may now be reduced to around $6 billion. Reportedly, some lenders have expressed concerns about the transaction structure and the reliability of OpenAI’s valuation as a private company—key factors hindering progress on the financing. The loan was initially structured as a two-year facility, extendable by one year, secured against SoftBank’s OpenAI equity holdings, and intended to further expand its investment footprint in the artificial intelligence sector.