SoftBank Group resumes negotiations on $10 billion loan backed by OpenAI equity, Goldman Sachs and others expected to participate

Odaily News: SoftBank Group has resumed negotiations with a syndicate of lenders for a $10 billion loan secured by its holdings of OpenAI equity. In response to lenders’ concerns over the difficulty of valuing private companies, SoftBank Group has proposed providing a guarantee for loan repayment; if the value of the OpenAI shares used as collateral declines, banks can seek recourse from SoftBank Group. The loan syndicate is expected to include Goldman Sachs, JPMorgan Chase, and Mizuho Group.