Will's Blog: SoftBank says its loan-to-value ratio, a measure of net debt against the value of its holdings, could exceed its 25% limit as it commits another $30B to OpenAI (David Keohane/Financial Times)

24 March 2026

SoftBank says its loan-to-value ratio, a measure of net debt against the value of its holdings, could exceed its 25% limit as it commits another $30B to OpenAI (David Keohane/Financial Times)

David Keohane / Financial Times:
SoftBank says its loan-to-value ratio, a measure of net debt against the value of its holdings, could exceed its 25% limit as it commits another $30B to OpenAI — Masayoshi Son faces investor nerves with massive spending on AI investments — SoftBank is testing a key self-imposed borrowing limit …

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