On Sept. 21, SoftBank launched more than $11 billion in dollar and euro bonds as it prepared another $10 billion OpenAI installment. Its Arm-backed facility can reach about $25 billion; SoftBank sold its roughly $5.8 billion Nvidia stake in 2025.
SoftBank’s expanded margin facility provides liquidity against Arm shares without giving up ownership. The article says a sharp fall in Arm’s share price could make that leverage more uncomfortable, even if Arm’s operating business remains healthy.
