SoftBank seeks a second $10B loan to refinance its OpenAI stake

SoftBank is seeking a second $10 billion loan — Mizuho as mandated lead arranger, two-year term, about 275 basis points over SOFR — weeks after a separate $10 billion margin loan against the same OpenAI stake. Once the October tranche lands, SoftBank's OpenAI position reaches roughly $65 billion for about 13%, a holding now financed largely by debt secured against itself.

Source: bloomberg.com ↗