fintech / news / / Benzinga
SoftBank and its bankers have discussed reducing the target size of the loan to as low as $6 billion, down from an initial goal of $10 billion.
SoftBank is considering reducing its loan target from $10 billion to as low as $6 billion.
KEY POINTS
- The loan will use SoftBank's investment in OpenAI as collateral, a novel arrangement for unlisted assets.
- SoftBank recently committed an additional $30 billion to OpenAI, increasing its total exposure significantly.
- S&P downgraded SoftBank’s credit rating in March due to its expanded investment in OpenAI.
COMPANIES
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