SoftBank Proposes $10bn Loan Secured Against OpenAI Stake, Offering Personal Guarantees
SoftBank has returned to lenders with a $10 billion loan proposal secured against its stake in OpenAI, and this time it is offering to personally guarantee the debt, according to Reuters, which cited sources familiar with the discussions. This concession gives banks the ability to go after SoftBank directly if the pledged OpenAI shares fail to cover the debt.
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