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SoftBank Group is reportedly seeking a $10bn margin loan secured by its shares in OpenAI, as per sources. This is part of its plans to further finance its aggressive expansion in AI. The loan is believed to be a two-year facility, which includes a one-year extension option. SoftBank has already committed over $60bn to OpenAI supported by a record $40bn loan. In March, S&P revised SoftBank’s outlook to negative, warning that heavy AI investments could strain its liquidity. As per some analysts, SoftBank may consider selling stakes in companies like T-Mobile US, Intel, or ByteDance to manage its mounting debt, which includes a separate $20bn margin loan tied to Arm Holdings.
SoftBank’s dollar bonds were trading stable, with its 6.875% Perp at 98.4, yielding 8.2%.
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