CoinWorld News, SoftBank Group is restarting negotiations with a consortium of banks, planning to apply for a $10 billion margin loan using its OpenAI shares as collateral, and for the first time has indicated a willingness to provide a corporate guarantee as a compromise. The direct background of the talks is SoftBank's immense debt leverage pressure: on July 1, SoftBank used a bridge loan reached in March this year to complete the second $10 billion capital injection into OpenAI. To support investments exceeding $60 billion in OpenAI and related infrastructure, SoftBank is heavily reliant on debt leverage and currently faces a hard deadline to repay $40 billion of bridge loans by March 2027. Due to the difficulty of valuing and liquidating private company equity, banks such as Goldman Sachs, JPMorgan Chase, and Mizuho had previously been cautious about a pure share pledge scheme. SoftBank's forced addition of a corporate guarantee means that if the pledged shares depreciate, the banks can directly seek recourse from SoftBank Group. And if OpenAI's secret U.S. IPO application submitted in June 2026 can proceed, it will significantly enhance the liquidity of this pledged asset, becoming an important credit support for SoftBank to ease its debt cycle.

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FloatingTeacupClub

· 4h ago

$60 billion all in on AI infrastructure, Masayoshi Son's gambling nature hasn't changed, but this time he's staking the group's credit.

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GateUser-318a7dc8

· 4h ago

If OpenAI's valuation collapses, SoftBank would be directly pursued by banks for compensation — this is a really high-stakes move.

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AuroraSnowyWildernessSolitary

· 5h ago

Repay the 40 billion bridge loan within 7 months—this timeline is really tight.

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On-ChainCatUnderTheMoonlight

· 5h ago

From the Vision Fund to now, SoftBank's debt story has always been more exciting than its investment story.

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Post-RainReflectionsMarket

· 5h ago

Once the corporate guarantee is issued, the risk shifts from OpenAI to SoftBank itself. The banks are very shrewd.

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GateUser-4aa73916

· 5h ago

Valuing equity in private companies is indeed difficult. It’s to be expected that Goldman Sachs and JPMorgan Chase will be cautious—this time, Boss Sun is genuinely in a hurry.

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0xCouchPilot

· 5h ago

Masayoshi Son is playing leverage even harder than DeFi—he’s betting $60 billion on OpenAI. Now, when pledging shares as collateral, he also needs to add further company guarantees. The banks clearly don’t trust the valuation.

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SoftBank restarts negotiations on a $10 billion loan with corporate guarantees, attempting to "roll over debt" through equity pledges.

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