According to Bloomberg, lender concerns about the deal structure and OpenAI’s private valuation led SoftBank to reduce the planned two-year financing from roughly $10 billion.
SoftBank reduced a financing plan backed by OpenAI equity from about $10 billion to around $6 billion, according to Bloomberg. The report says some lenders questioned both the structure of the transaction and the reliability of OpenAI’s private valuation. The financing was designed as a two-year loan to support SoftBank’s artificial intelligence investments. The change highlights how private-market valuations can affect borrowing terms when fast-growing technology companies are used as collateral or deal support.