Softbank secures$23.3 billion refinancing loan for ARM and Sprint Corp

The loan is to refinance loans taken by Sprint and ARM for acquisitions.

 

On Thursday, Japan’s SoftBank Group Corp said it has secured a $23.3 billion (2.65 trillion yen) loan agreement to re-finance the acquisition loans for British chip designer ARM and U.S. telecommunications Sprint Corp.

The loans have a maturity date of Sept 30, 2024, said SoftBank.

($1 = 113.8400 yen)

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