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2026-09-17 14:30:12
[Apollo Plans to Increase SoftBank Loan to $9 Billion to Help It Increase Its Bet on OpenAI] (1) Apollo Global Management is in talks with SoftBank Group to increase a loan from $5.4 billion to $9 billion to help SoftBank increase its bet on artificial intelligence giant OpenAI. (2) Sources say the financing is secured by assets of SoftBank Vision Fund II and the size has not yet been finalized. (3) Apollo issued a so-called net asset value (NAV) loan to the venture capital fund under SoftBank in 2021 and increased it by $900 million to $5.4 billion last year. (4) NAV loans, secured by fund assets, provide a way for private equity firms to raise cash. (5) SoftBank has become one of the world's largest investors in artificial intelligence, and its various borrowings to finance this advancement are attracting attention. (6) As market concerns about artificial intelligence security intensify, the company's credit default swaps (CDS) rose to a three-year high this week.
