SoftBank is reportedly restarting discussions with lenders over a proposed $10 billion loan secured against its OpenAI-related stake, adding new terms to address lender concerns about risk. According to multiple outlets citing people familiar with the talks, SoftBank is offering to personally guarantee repayment of the loan. The concession is designed to give banks additional recourse if the value of the pledged OpenAI shares does not hold up enough to meet the loan’s coverage requirements.
Under the proposed structure, lenders would still be backed by collateral tied to SoftBank’s holdings, but the guarantee would shift some downside protection to SoftBank itself, potentially reducing reliance on the pledged shares alone. Reuters is cited by at least one outlet as the original source of the reporting, and the outlets describe the negotiations as ongoing rather than finalized. Details on timing, final pricing, and the exact scope of concessions are not described in the provided reports. Overall, the reporting indicates SoftBank is attempting to improve the proposal’s attractiveness to lenders by strengthening the repayment protections.
