SoftBank seeks $10B margin loan backed by OpenAI shares at SOFR+425bps as leverage stack deepens
Summary: SoftBank is seeking a $10 billion margin loan backed by its OpenAI shares at SOFR + 425 basis points (~7.88%), a two-year term with one-year extension. The loan sits atop a $40 billion bri...
Source: TNW | Investors-Funding
Summary: SoftBank is seeking a $10 billion margin loan backed by its OpenAI shares at SOFR + 425 basis points (~7.88%), a two-year term with one-year extension. The loan sits atop a $40 billion bridge loan from March and brings SoftBank’s total OpenAI commitment to ~$64.6 billion for a ~13% stake. At OpenAI’s $852 billion […] This story continues at The Next Web
