SoftBank Group Corp’s negotiations with potential creditors to secure a margin loan of at least $6 billion, backed by its stake in OpenAI, have stalled as of June 10, 2026 [1, 2, 3, 4].
The Japanese conglomerate initially sought $10 billion for the margin loan but reduced the target to $6 billion in May 2026 after some lenders showed hesitation [1, 2]. Before talks stalled, SoftBank had secured roughly $5 billion in funding commitments, though it is unclear whether these commitments were formalized in writing or were verbal [1, 2, 3].
SoftBank has not publicly commented on the paused negotiations [1]. The company is exploring alternative fundraising options and may resume discussions on the margin loan in the future [1, 2, 4].
The margin loan is backed by SoftBank’s stake in OpenAI, which itself took a major step toward going public by filing confidentially for an initial public offering (IPO) in the United States on June 8, 2026. OpenAI is working with Goldman Sachs and Morgan Stanley on a possible IPO as soon as fall 2026 [1].
Separately, SoftBank is planning a significant investment of up to €75 billion (approximately $86.6 billion) to develop AI data center capacity in France [1].
In summary, SoftBank’s efforts to raise funds against its OpenAI holdings hit a pause after lender hesitation forced a target cut from $10 billion to $6 billion. While roughly $5 billion was lined up, talks have slowed. SoftBank may revisit this margin loan later while also pursuing other financing routes.
