--- title: SoftBank revives $10bn OpenAI-backed loan with a new... description: SoftBank has revived its $10bn margin loan proposal secured against its OpenAI stake, this time adding a corporate guarantee to reassure lenders. The deal has... canonical: https://daily.dev/posts/softbank-revives-10bn-openai-backed-loan-with-a-new-sweetener-for-lenders-v6jlkwfus twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: SoftBank revives $10bn OpenAI-backed loan with a new sweetener for lenders | daily.dev og:description: SoftBank has revived its $10bn margin loan proposal secured against its OpenAI stake, this time adding a corporate guarantee to reassure lenders. The deal has... og:url: https://daily.dev/posts/softbank-revives-10bn-openai-backed-loan-with-a-new-sweetener-for-lenders-v6jlkwfus og:image: https://api.daily.dev/og/posts/v6Jlkwfus.png og:image:alt: SoftBank revives $10bn OpenAI-backed loan with a new sweetener for lenders og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # SoftBank revives $10bn OpenAI-backed loan with a new sweetener for lenders **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 1 upvotes · 0 comments ## Summary SoftBank has revived its $10bn margin loan proposal secured against its OpenAI stake, this time adding a corporate guarantee to reassure lenders. The deal has gone through multiple iterations — originally $10bn, cut to $6bn in May after banks balked at pricing debt against an unlisted asset, and now back to $10bn with the new sweetener. Key banks including Goldman Sachs, JPMorgan Chase, and Mizuho are expected to participate. OpenAI's confidential S-1 filing with the SEC in June has shifted lender calculus by signaling a future IPO path, though OpenAI has indicated going public 'may be a while.' SoftBank faces a hard deadline to repay or refinance a separate $40bn unsecured bridge loan by late March 2027, making the margin loan a critical liquidity management tool. Complicating matters, reports of OpenAI pushing its IPO to 2027 wiped ~$38bn off SoftBank's market cap in a single session. ## Full article daily.dev links to this article rather than hosting it. 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