BREAKING NEWS

BREAKING NEWS

SoftBank secures $23.3 billion refinancing for Sprint and ARM buys

Now Reading:

SoftBank secures $23.3 billion refinancing for Sprint and ARM buys

Text size Aa Aa

TOKYO (Reuters) – Japan’s SoftBank Group Corp <9984.T> said on Thursday it has secured a 2.65 trillion yen (17.53 billion pounds) senior loan agreement to refinance the acquisition loans for U.S. telco Sprint Corp <S.N> and British chip designer ARM. SoftBank said the loan’s maturity is Sept. 30, 2024.

($1 = 113.8400 yen) (Reporting by Taiga Uranaka)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.