{
  "id": 7285016,
  "title": "SoftBank gets upsized US$11.9 billion loan in OpenAI funding push: sources",
  "url": "https://urgent.news/2026/09/14/softbank-gets-upsized-us-11-9-billion-loan-in-openai-funding-push-7285016",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-14T02:54:08.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/softbank-gets-upsized-us11-9-billion-loan-openai-funding-push-sources"
  },
  "original_language": "en",
  "account": "SoftBank, the Japanese conglomerate led by Masayoshi Son, has secured a US$11.87 billion loan to bolster its investment in US artificial intelligence firm OpenAI. This substantial financing, up from the earlier target of US$10 billion, was obtained through commitments from around 20 banks, according to sources familiar with the matter. The loan, a two-year facility, comes as some executives advocate for a slowdown in AI development due to the escalating risks associated with the technology. OpenAI CEO Sam Altman recently indicated in an interview with Fortune that his company would postpone a public offering this year to address safety concerns. SoftBank's shares experienced a sharp decline of up to 13% following the news on September 14, marking the firm's most significant drop since July 17. This latest borrowing adds to SoftBank's recent debt financing activities related to its stake in OpenAI, which include a US$10 billion margin loan backed by its OpenAI shares and the potential sale of a US$20 billion bond, despite concerns over growing credit risks in the AI sector. SoftBank announced earlier that it would repay the balance of a US$40 billion loan it obtained this year to finance its investment in OpenAI by September 15. The company anticipates settling the remaining US$25.9 billion it owes on the same date. SoftBank plans to hold investor meetings in New York this week to gauge interest in a potential US dollar junk-bond sale, aiming to raise between US$10 billion and US$20 billion. Founded and led by billionaire Masayoshi Son, SoftBank intends to invest almost US$65 billion in OpenAI by October, having already raised the equivalent of about US$37 billion this year from offshore and domestic bond sales and loans, including the latest facility, as reported by Bloomberg-compiled data.",
  "summary": "The Japanese conglomerate attracts commitments from around 20 banks for the two-year facility",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "Economic Times Tech",
        "title": "SoftBank gets upsized $11.9 billion loan in OpenAI funding push",
        "url": "https://urgent.news/2026/09/14/softbank-gets-upsized-11-9-billion-loan-in-openai-funding-push",
        "published": "2026-09-14T02:38:17.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "SoftBank gets upsized US$11.9 billion loan in OpenAI funding push",
        "url": "https://urgent.news/2026/09/14/softbank-gets-upsized-us-11-9-billion-loan-in-openai-funding-push",
        "published": "2026-09-14T02:54:08.000Z"
      },
      {
        "outlet": "Japan Times",
        "title": "SoftBank gets upsized $11.9 billion loan in OpenAI funding push",
        "url": "https://urgent.news/2026/09/14/softbank-gets-upsized-11-9-billion-loan-in-openai-funding-push-7231441",
        "published": "2026-09-14T02:55:00.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "SoftBank secures $11.9b loan for OpenAI investment",
        "url": "https://urgent.news/2026/09/14/softbank-secures-11-9b-loan-for-openai-investment",
        "published": "2026-09-14T03:54:36.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Softbank Group stock slides 11% after OpenAI says it will not seek a 2026 IPO",
        "url": "https://urgent.news/2026/09/14/softbank-group-stock-slides-11-after-openai-says-it-will-not-seek-a",
        "published": "2026-09-14T05:27:20.000Z"
      },
      {
        "outlet": "Nikkei Asia",
        "title": "SoftBank Group plunges 11% after OpenAI says no IPO this year",
        "url": "https://urgent.news/2026/09/14/softbank-group-plunges-11-after-openai-says-no-ipo-this-year",
        "published": "2026-09-14T06:00:04.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "SoftBank gets $11.87B loan for OpenAI bet, AI concerns hit shares - report",
        "url": "https://urgent.news/2026/09/14/softbank-gets-11-87b-loan-for-openai-bet-ai-concerns-hit-shares-report",
        "published": "2026-09-14T06:27:43.000Z"
      },
      {
        "outlet": "Silicon Republic",
        "title": "OpenAI to push IPO plans amid AI safety concerns",
        "url": "https://urgent.news/2026/09/14/openai-to-push-ipo-plans-amid-ai-safety-concerns",
        "published": "2026-09-14T07:53:58.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}