Apollo in Talks to Expand SoftBank Vision Fund 2 Loan to $9 Billion

Key Facts

1Apollo Global Management is in discussions to increase a loan facility for SoftBank Vision Fund 2 to as much as $9 billion.

In a move reflecting increased reliance on leverage to fuel major tech expansions, Apollo Global Management is in discussions to expand a loan facility for SoftBank Vision Fund 2. According to reports, these negotiations aim to increase the total financing to as much as $9 billion, as SoftBank Group seeks to bolster its liquidity for new investment opportunities.

This funding push follows reports of SoftBank's aggressive investment strategy, including potential stakes in OpenAI. However, the increase in leverage comes amid a complex risk profile for the group, reflected in its credit default swap (CDS) spreads, making this additional liquidity a critical component of its current growth trajectory.

Regarding market performance, SFTBY stood at $19.66 (close September 16, 2026), having reached a day high of $20.44. Traders are now watching the outcome of these financing talks as a primary catalyst for the fund's upcoming deployments, especially with no immediate sector-specific economic data scheduled in the upcoming calendar.