SoftBank group has downsized plans for a $10 billion margin loan \u200bbacked by its OpenAI stake, according to a Bloomberg news report. SoftBank and bankers have mentioned in discussions plans \u200bto revise the target to an amount as \u200blow as $6 billion.<\/p>\n
The report said that the group\u2019s initial \u2060pitch had investors concerned about the difficulty of reaching \u200ba valuation for an unlisted company like OpenAI. A margin loan is when an investor \u200bborrows from a lender to invest in securities, using the purchased \u200cinvestments \u2060as collateral.<\/p>\n
According to an earlier report, the two-year margin loan would carry an option for SoftBank to extend the tenure by an additional year. The eventual size of the borrowing is subject to change, as the discussions are ongoing.<\/p>\n
READ: SoftBank seeks up to $40 billion loan to fund OpenAI investment<\/a>\u00a0(March 6, 2026)<\/p>\n The proposed financing would use SoftBank\u2019s investment in OpenAI as collateral. Some lenders were said to be cautious about assigning a reliable valuation to the ChatGPT maker, given that OpenAI remains unlisted, according to the report.<\/p>\n The development<\/a> comes amid increased scrutiny over AI investments, and whether they would translate to profits anytime soon. SoftBank CEO Masayoshi Son has aggressively expanded<\/a> the company\u2019s focus on AI, funding billions of dollars in OpenAI investments through debt financing.<\/p>\n SoftBank first invested in OpenAI in September 2024 and later partnered with the startup on Stargate, a large-scale U.S. AI infrastructure initiative announced in January 2025.<\/p>\n The company recently committed another $30 billion to OpenAI after previously investing more than that amount. In March, SoftBank said it secured a $40 billion bridge loan for its investments in OpenAI and for general corporate \u200cpurposes. The loan<\/a>, which matures in March 2027, was arranged with lenders including JPMorgan & Chase, Goldman \u200bSachs, Mizuho Bank, Sumitomo Mitsui Banking Corp and MUFG \u200bBank.<\/p>\n