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SoftBank Seeks $10 Billion Loan to Refinance OpenAI Stake

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SoftBank Seeks $10 Billion Loan to Refinance OpenAI Stake

SoftBank Group is seeking a $10 billion loan to help refinance debt used for its investment in OpenAI, Bloomberg reported Friday (Aug. 28), citing unnamed sources.

The proceeds of the loan could help repay a $40 billion bridge loan SoftBank secured for its OpenAI investments, according to the report.

SoftBank is also preparing a potential bond sale of up to $20 billion, the report said.

Earlier this month, SoftBank secured a $10 billion loan backed by its stake in OpenAI, per the report.

SoftBank said in an earnings results presentation released Aug. 6 that it has made $20 billion in follow-on investments in OpenAI in fiscal year 2026 and plans to complete a third tranche on Oct. 1, bringing its total investment in the AI startup to $64.6 billion and its ownership stake to about 13%.

PYMNTS reported in May that SoftBank’s initial investment in OpenAI came in 2024, when the artificial intelligence startup was valued at $150 billion. By April, OpenAI’s valuation had ballooned to $852 billion.

When SoftBank announced in December 2025 that it had completed an additional $22.5 billion investment in OpenAI, which brought its ownership interest at the time to 11%, SoftBank Group Chairman and CEO Masayoshi Son said in a press release: “We are deeply aligned with OpenAI’s vision of ensuring AGI benefits all of humanity.”

OpenAI CEO Sam Altman said in the release: “SoftBank saw the potential of AI early and committed with a deep belief in its impact on humanity.



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