A360
Key Takeaways✦ Atlas AI
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SoftBank cut OpenAI loan target.
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Creditor hesitation cited for reduction.
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Valuation of unlisted OpenAI challenged.
Atlas AI
SosourcesBank Group has reduced its target for a margin loan backed by its stake in OpenAI, according to a sources News report on Friday. The Japanese conglomerate initially sought a $10 billion loan but has revised the target to as low as $6 billion due to hesitation from some creditors. This adjustment stems from investor concerns regarding the difficulty of valuing unlisted companies like OpenAI.
The margin loan, which allows SosourcesBank to borrow against its OpenAI shares, was initially reported in April to have a two-year term with an option for a one-year extension. SosourcesBank has been an investor in OpenAI since September 2024 and collaborated with the AI firm on the Stargate infrastructure project in January 2025. The company also secured a $40 billion bridge loan in March to support further OpenAI investments and general corporate purposes.
Discussions regarding the loan's final size and terms remain ongoing. SosourcesBank and OpenAI have not yet commented on the report.
