SoftBank cuts target for OpenAI margin loan, Bloomberg News reports

May 8 (Reuters) - SoftBank ‌Group has ​downsized ​plans for a $10 billion margin loan backed by its OpenAI stake after hesitation from some ‌creditors, Bloomberg News reported on Friday, citing people ⁠familiar with the matter.

Softbank and bankers have mentioned in discussions ‌plans to revise the ‌target to an amount as low as $6 billion, the report said.

The group's initial pitch had investors concerned ​about the difficulty of reaching a valuation for an unlisted company like ChatGPT maker OpenAI, the ⁠report said.

Reuters could not immediately verify the report. SoftBank and OpenAI did not ​immediately respond to Reuters' requests for comment on the story.

A margin loan is when ​an investor borrows from a ‌lender to invest in securities, using the purchased investments as collateral.

The two-year margin loan ⁠would carry an option for SoftBank to extend the tenure by an additional year, Bloomberg had earlier reported in ⁠April.

While discussions are ongoing, details such as the eventual size of ​any borrowing could change, the report added.

SoftBank has invested in OpenAI since September 2024. In January 2025, the two companies ‌also teamed up on Stargate, a U.S. artificial intelligence infrastructure project.

The Japanese investment conglomerate ‌said in March it had secured a $40 billion bridge ⁠loan to bolster investments ‌in OpenAI and ​for general corporate purposes.

(Reporting by Preetika Parashuraman in Bengaluru; Editing by Mrigank Dhaniwala and Harikrishnan ‌Nair)

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