SoftBank is seeking a $10 billion loan backed by its OpenAI stake. The loan is part of a refinancing strategy to replace a $40 billion bridge loan maturing in March 2027. The Japanese conglomerate has invested approximately $65 billion in OpenAI, representing roughly a 13% stake. SoftBank is also exploring a bond offering worth between $10 billion and $20 billion. S&P rates SoftBank at BB+ with a negative outlook, placing it firmly in junk territory, as banks grow concerned about the difficulty of valuing private shares without real-time market prices.
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