SoftBank Group is considering raising additional funds through bond offerings to help refinance debt tied to its investment in OpenAI, Bloomberg reports. Multiple outlets citing Bloomberg say the company is looking at options that could involve a $10 billion loan and a potential $20 billion bond sale, with the proceeds expected to be used partly to repay a large bridge facility.
The reported proposals come amid concerns about rising credit risk in the AI sector and broader pressures in debt markets. Bloomberg Technology and other sources describe SoftBank exploring new financing structures, including potential dollar and euro-denominated notes. One report also notes SoftBank is considering a U.S. Rule 144A offering format for the first time in more than a decade, depending on final terms.
Outlets differ mainly in emphasis and figures: some focus on the range for the bond sale, while others highlight the separate $10 billion loan aspect. Across reports, people familiar with the matter say specifics such as size, timing, and exact split of instruments are not finalized, and SoftBank states it is still evaluating refinancing options.
