SoftBank seeks a second $10bn loan against its OpenAI stake

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August 28, 2026, 11:30 AM

• •Bloomberg reported that SoftBank is seeking a second $10bn loan backed by its OpenAI stake.
• •SoftBank previously signed a $40bn unsecured bridge facility in March to fund OpenAI commitments, due by March 2027.
• •An earlier attempt to raise debt against OpenAI shares ran into lender concerns over valuing private-company collateral.
• •Reuters reported that adding a corporate guarantee helped revive and close the first $10bn margin loan in August.
• •SoftBank has also considered a bond sale of up to $20bn and completed a record $6.3bn bond sale to Japanese retail investors this year.

SoftBank is reportedly seeking another $10bn loan backed by its OpenAI stake, just weeks after closing a previous loan of the same size tied to the same asset. The article frames the move as part of SoftBank’s broader effort to refinance a $40bn unsecured bridge facility it arranged in March for its OpenAI commitments. It notes that lenders have wrestled with how to value private OpenAI shares, leading SoftBank to add a corporate guarantee and pursue multiple funding routes including bonds and retail debt. The piece says no terms or timeline for the latest reported loan have been confirmed, while March 2027 remains the key repayment deadline.

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