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General

SoftBank in talks on JPY 2 trln loan - report

Monday 12 August 2013 | 03:59 CET | News
Japanese telecommunications provider SoftBank is seeking a syndicated loan of over JPY 2 trillion and is currently in talks with Japanese and foreign banks. The company is trying to refinance its bridge loan of around JPY 1.3 trillion for the acquisition of Sprint, which is due at the end of this year. The new loan will come from twenty banks and is expected to be finalised by the end of September, the Nikkei reports without naming sources.

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Categories: General
Companies: Softbank / Sprint
Countries: Japan
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