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SoftBank Group Resumes Negotiations on a $10 Billion Secured Loan Against Its OpenAI Stake; Goldman Sachs and Others Expected to Participate
Svmuu News: SoftBank Group has resumed negotiations with a syndicate of lenders regarding a $10 billion loan secured by its stake in OpenAI. In response to lenders’ concerns about the difficulty of valuing privately held companies, SoftBank Group has proposed providing a guarantee for the loan repayment; if the value of the OpenAI shares used as collateral declines, the banks would be able to seek recourse from SoftBank Group. The lending syndicate is expected to include Goldman Sachs, JPMorgan Chase, and Mizuho Group.
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Source：Odaily · Source Link
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