SoftBank Secures $10 Billion Margin Loan Using OpenAI Stake as Collateral

BlockBeats News, August 6th, SoftBank Group leveraged its stake in OpenAI to successfully secure a $10 billion margin loan. The loan, which is for a two-year term, was provided by a consortium of lenders including Goldman Sachs, JPMorgan Chase, Mizuho Securities, Apollo Global Funding, and SMBC. SoftBank is planning to draw down the loan later this month.