On August 6, SoftBank Group revealed in its latest financial report that SoftBank has successfully completed a $10 billion marginal loan secured by its OpenAI shares. SoftBank revealed that the company signed a two-year loan agreement with Goldman Sachs, J.P. Morgan Chase, Mizuho Securities, Apollo Global Finance, and Sumitomo Mitsui Bank on August 5. The financial institutions mentioned above acted as the lead arranger for this loan, and SoftBank plans to withdraw the funds this month. According to the disclosed information, SoftBank Group provided a guarantee for this loan, and the funds will be used for general corporate purposes of the Group and its Vision Fund. At the same time, the agreement stipulates that in the event of specific circumstances such as a sharp drop in the value of OpenAI's preferred shares, borrowers must add cash collateral or early repayment.

Zhitongcaijing · 2d ago
On August 6, SoftBank Group revealed in its latest financial report that SoftBank has successfully completed a $10 billion marginal loan secured by its OpenAI shares. SoftBank revealed that the company signed a two-year loan agreement with Goldman Sachs, J.P. Morgan Chase, Mizuho Securities, Apollo Global Finance, and Sumitomo Mitsui Bank on August 5. The financial institutions mentioned above acted as the lead arranger for this loan, and SoftBank plans to withdraw the funds this month. According to the disclosed information, SoftBank Group provided a guarantee for this loan, and the funds will be used for general corporate purposes of the Group and its Vision Fund. At the same time, the agreement stipulates that in the event of specific circumstances such as a sharp drop in the value of OpenAI's preferred shares, borrowers must add cash collateral or early repayment.