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General

SoftBank secures JPY 1.98 trln loan

Friday 13 September 2013 | 02:21 CET | News
Japan's SoftBank said it will sign a loan agreement with nineteen banks to refinance its bridge loan for the acquisition of Sprint Nextel and existing borrowings. The loan will total JPY 1.98 trillion and consists of two facilities: Facility A totals JPY 1.1 trillion and is due on 13 September 2018 and Facility B totals JPY 880 billion and is due on 14 September 2020. SoftBank has estimated costs associated with the loans at JPY 34.0 billion.

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Categories: General
Companies: Softbank / Sprint Nextel
Countries: Japan
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