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SoftBank Secures $10 Billion Margin Loan Using OpenAI Shares as Collateral

Source: www.bloomberg.com Event types: Financing/Fundraising
According to Bloomberg, SoftBank Group (SoftBank) has successfully secured a $10 billion margin loan by pledging its OpenAI shares as collateral. The loan has a two-year term, and lenders include Goldman Sachs, JPMorgan Chase, Mizuho Securities, Apollo Global Funding, and SMBC. SoftBank plans to complete the drawdown this month.

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